ADO 0.00% 2.3¢ anteotech ltd

bangs revs? onshow?

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    Onshow - or others - what's your understanding re the Bangs revenues?

    I've just had another look at the 25th Feb2011 ann:

    ADO licensed Bangs to use Mix and Go for a second product; "it's new Silica Bind-IT product". The bullet points in the header stated "Silica particles currently the best selling product in Bangs range."

    Commercial sales of Silica Bind-IT were ann as having commenced and "ADO will receive royalties [on Bangs product sales] plus revenues from the sale of Mix and Go to Bangs."

    Sounds fairly promising, except the revs from customers for all of the Apr-Jun qtr were ... $112,000. Hardly exciting.

    We'd have to sign up a hell of a lot of those to justify the current Mkt Cap of around $44m.

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