look to the future, page-3

Nice story Katie.

I hold ADY...but I am getting out tomrorow and not looking back.

ADY has great projects and if there was not any credit crisis or large debt looming and ADY getting squeezed into a corner and signing the company over to a creditor...things might be different.

ADY is not an MFS which just closed its doors one day and hasn;t come back online for 9 months now.

With ADY...we actually are now well versed on where the company is at.

This debt I and most probably thought they were going to be able to cover....its certainly the vibe we all got from PT's emails and ASX releases.

But its not the case. No one takes on $1 million interest over an 8 week period.

We are in trouble but we fortunately know it now.

Its sad as I honestly thought ADY would be a major player down the track in the resource arena and with the lithium side of things, I thought they would become even more special.

But I have to be honest....I believe ADY has been poorly managed.

This situation could have been averted.

I think PT gambled with ADY's future...maybe gambling that money would come in to cover these creditor debts before the debt was due.

Either way....they have screwed it. For us now...its a gamble to hold...but I for one wont be gambling any more on PT / ADY managment or holding the share....I have seen enough to realise its a straight out gamble on PT and ADY managment through and through.

I lost a couple of hundred thousand on MFS.

This time we get to see in advance a perfect snapshot of where ADY is at.

No money, high debt, credit crisis where no one is loaning money, cash flow up the creek.....too much for me.

This $140 million owed to ADY that keeps being thrown around.

I asked but no one has said who owes it, how much, when is it coming?

Trade carefully people....this would have to be the most important time to preserve money.