I sold out of ADO today purely because I think they will do a CR at sub 10c to acquire Dia. IMO I think this quarterly will look stagnant in terms of revenue. Where is it going to come from? They are basically starting from scratch, will be a small amount perhaps even more than the last one but certainly not enough to budge the Sp IMO I predict glitzy forecasts for poc1/batteries. I don't believe POC1 will be named this year. I have not been won over by the battery prospects as yet. There will be a piece about sigma slotting us into there catalogue which is nice but will show nothing in current revenues. BBI won't be mentioned. I believe the lack of current revenues will hurt anteo going into this Xmas. I'm sorry Ncarr but I also don't buy the 10x10 million dollar deals in the pipeline as yet. The retail market has been burned by ADO once. I've stated before, retailers will not buy in on 'potential' future revenues again, they need something with backbone which I don't believe they'll get till next year unless something is pulled out of the hat regarding batteries. Retailers are the ones turning this stock over atm, it won't take many more with similar current perspectives to me, to sell and see this drop further. I predict this will drop below 8c by Xmas. This is when I think Anteo's dorment volcano will be at full capacity ready to pop
Was certainly a risk selling today, but if I can get back in at a 25-30% discount to today's sp then in the long run it will pay dividends. Literally
ADO could well be sitting above 20c by Xmas in which case I will eat my humble pie and congratulate those with better foresight than my own who stuck it out.
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