Yes, I would also prefer less hyperbole and more facts. I think management (through enthusiasm) had underestimated the time it takes to deal with giants; but the fact is at ADO's size everyone else is a giant. I guess they tried for the big splash and now they're obviously turning heads, but the process to revenue is a long one.
But I don't really mind as long as there is reported progress, but there's no way that "deals-to-royalty-revenue" of the magnitude that some HC members seem to be salivating at are imminent. For me an "announcement" would constitute some kind of trial with another company, if they manage to get 4-6 more companies "on trial" it would be fabulous. imo, those would be the best "deals" we could have. Would there be immediate revenue? Probably more incremental inching to +ve cash flow, but that's good. (more trials means more staff, means more burn)
So, If they can show that they are locked into real revenue streams even out at mid-2017 to 2018 (that's my estimation of "real" money flowing in) the sentiment would change. All they need to do is keep working hard and keep pushing.
This last announcement of progress with GHC is a milestone announcement though - unfortunately the market doesn't recognise it. I mean for GHC to commit to let ADO work "under the skirts" so to speak is an almost irreversible path to a locked down partnership. But of course, I just wish GHC would verify that claim.
Ie, if they reveal Philips is GHC then that would even be better.
Some of these HC investors sound like they've never worked in any company, lest a startup or tech firm. We all want it to happen now of course, but month-to-month, this is quite positive progress.
Unlike TV, I don't think BBI revenue is going to rock the SP (maybe bring it back up to 22-25c - I think that already had BBI factored in); it's really the reveal of GHC that's going to push the price at this point imo. Otherwise wait until they start earning real royalties - which I think is an acceptable few years off.
ADO Price at posting:
14.5¢ Sentiment: Buy Disclosure: Held
(20min delay)