A Capital Raise with promises of progress may fall on deaf ears with shareholders tired of running on the fumes of hope
A Capital Raise to a Fund Manager or Cornerstone investor or Collaborator will create more confidence that a 3rd party believes enough in our story to fund it (and hopefully not at a large discount) and will see the share price appreciate with funding becoming a non-issue in the short term.
A Capital Raise attached to a Commercial Agreement or Government Funding or announcement of a MOU with a household name will see the share price rocket.
I hope we can avoid the raise but agree the dark clouds over the company make it difficult to watch the share price on no news.
Whatever happens let's hope the pain is minimal to existing holders and they can demonstrate that we are in fact on the cusp of major success.
At the 2022 AGM the new CEO reassured us all that we would all be sipping champagne, toasting to our success by AGM 2023
70% of the year has passed and currently i'm still drinking water
Still hoping for success but the wait is painful , if it happens I will not be sipping the Champagne , I will be chugging the whole bottle !
Good Luck all
ADO Price at posting:
4.2¢ Sentiment: Buy Disclosure: Held
