Hi Bourbasted.
Emerging cash flow negative small caps have to scramble to survive, the degree of desperation of the scramble is often highlighted by what they do not say. this was mentioned by another poster recently. apologies to poster involved but forget who it was.
ADO by its actions of the last 6 months or so are telling me there has been a fundamental shift in the way top management view the company. They are saying our original model will not cut it and expectations must change.
They are talking between themselves of course. we are not privy to these discussions.
They are in survival mode and are making decisions to reflect that. (not necessarily a bad thing}
Commercial realities resulting from flaws in their original model have ceded any control they had over timely decision making.
This to me was reinforced by the share issue and lack of gunpowder in controlling it to their satisfaction.
The actual structure of the issue is ok. it is the lack of the upper hand ADO displayed in delivering it.
Mate, still hold have no intention of selling, but will not be buying more till they are in a position of controlling the agenda a little better,
R
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