i'm a long time holder (sub 1c) and very bullish on ADN long term, i admire your holding, but that was an emotional post devoid of logic.
it might be a good idea to detach for a while.
i'd rather our board spend their time and effort on progressing their operations rather than legal battles to catch ghosts.
the reality is, this should never have gone over 20c.
at 45c this was a screaming short. that's a fact.
i have no doubt this will be a billion dollar company in the fullness of time, but let's not get stupid and conspiracy theory riddled just because it's not happening right now.
and for those using 45c, 40c even 30c as fair value against which to gauge the pullback and discount to value, well, you're dreaming... it should never have got to that, simple as that.
i'm comfortable with a base in the 15c-20c range until it's further de-risked, be it by DFS figures and funding or BOA's.
but 35c is not fair value... $700m MC is not justified at this moment.
let's not get precious about that.
who would pay $700m for a company with $4m in sales contracts???
sure there's blue sky potential... but who would pay $500m for that possible potential???
i have no doubt that potential will come to fruition... but that valuation today is just pie in the fkn sky... so everyone please calm the fk down!
you're all carrying on like a bunch of headless chooks and fuelling the haters... and murdering these threads with whinging in the mean time!
holders need to detach emotion from logic... posters like
@RoyE offer constructive counter opinions rather than the slagging efforts of some other non holders who are clearly just here to shit stir.
lets learn to differentiate and accept a view different to our own.
sorry for the rant, but it had to be said... everyone else has said their piece, and that was mine!
no offence intended to anyone, holder or not.
rant over, see you on the other side of any news flow.
