is ado a buy ??, page-15

Thanks Twin. I do not take much from the increase in holdings by those already in the Top 200. What would be of more interest would be new holders into the Top 200 that previously had not held.

After all a number of posters on HC have indicated that they are Top 200 and the post ratio on HC is overall +ve so I would therefore assume that they would (as CF allows) be buyers of the name (they already believe). To date the record of these buyers (as determined by SP) has been poor. So the 'quality' ST of the buying is not high. Also we have not seen 'insiders' buying, another disappointing sign.

For the last three years this stock has been about the 'what if' and 'maybe', like any company should they translate that to solid deals then the 'new' information would require another look at the stock.

In the meantime we move ever closer (based on current publicly available information) to the point where the company (based on publicly available information) would have to raise more capital. Remember the board needs to see 12-18 months of funding to really be signing the accounts (both formal accounts and board meeting accounts).

At the moment the SP is telling you in part that the potential for a CR is increasing, the interesting point for me is, should there be a CR what is the size, this point will give the best indicator as to how sure the board is that it can sign significant deals. A 1 year funding CR ($2-3m) says something VERY different to a multi year CR ($5-8m).