Hi everyone,A few posters getting caught up in the weeds here...

Hi everyone,

A few posters getting caught up in the weeds here IMO.

The information a few of you are speculating about is contained in the replacement prospectus. It mentions who the additional shares are issued to & why.

There were large scale backs all round (even on the $1.1M placement portion) this is not always a positive indicator, but generally a healthy sign of things to come.

The main advantages of introducing the new shareholders are new blood & marketing of the stock.

In the case of ADO, commercialisation is on the horizon so the new issue could be timely.

Points I like about the current investment proposition - Directors have skin in the game $180K in this CR.
Multiple near term commercialisation opportunities in hot, lucrative markets.

If you want to know what can happen from Capital Raises like this one, have a look at 2 similar ones - LPD (2017) & BIT (2018).

LPD (2017) completed a rights issue, the price was 1c & by the time the rights issue was completed & shortfall issued to CPS the SP was around 1.8c. Shortly after the SP rose to over 8c.

BIT (2018) completed a rights issue @ 1.5c with a free attaching listed option with a 5c ex price. Shortfall shares were also issued to CPS, the stock did nothing for 2 months, but then quickly rose to 44.5c within 4 months of the CR.

ADO looks like a great opportunity to me, we all have a great chance of nice returns here IMO, so good luck all!!