That $10m is a loss not a debt.
Banks don't care about it, what they care about is getting paid interest over time.
To do that you need revenues which ADO has now in a binding contract with SII.
Banks DO lend on discount cash method for future earnings if one can show a clear path and progress of commercialisation.
ADO can clearly do that with EV1.
why ADO is a multi multi bagger, page-2520
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Last
2.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $64.73M | |||
| Open | High | Low | Value | Volume |
| 2.6¢ | 2.6¢ | 2.5¢ | $19.02K | 731.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 2583447 | 2.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.6¢ | 62402 | 2 |
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| Last trade - 15.59pm 01/11/2024 (20 minute delay) ? |
| ADO (ASX) Chart |