Yes we have met and I think both of you are outstanding people and there is no bad feelings on this side of the internet.
If we sat in a room I could easily answer all your questions as there would be context and clarity and I am confident you both would be like ok makes sense, its fact based and he isn't full of sh*t. Have I answered your questions no. Will you continue to think I am a downramper and a little b*tch most likely. Does that bother me no. And this is why I am scared sh*tless, the issue for me is the definition of near term? We are approaching 7c will we get there I truthfully don't know. If we don't get there how long will we consolidate at current prices? Massive opportunity costs?
People can comment on IP asset value but I think that is valuation technique is a myth. The only credible long term valuation method is based on earnings. Does ADO have any earnings no. Does ADO have any meaningful revenues no. What is ADO's track record in closing deals? Should we use this historic strike rate for future deals? As previously stated there are a lot of holes that earnings based investors look for. ADO has plenty of them.
As for being a poker player and bluffing to try to buy at a lower price.....Do I really have to articulate the biases in this comment? Markets do strange things to people? Well yeah! Ive noticed some long termers have sold out if what they say on HC is true. What does that say about their thoughts being changed on ADO as an investment?
Quarterly should be out today so we will continue this soon.....
ADO Price at posting:
9.4¢ Sentiment: None Disclosure: Held
