What a shit show, page-15

I recognise the frustration, I feel it too. I think a lot of emphasis was put by the management on signing this MSA, or that activation etc, like they were about to produce revenue like a rabbit from a hat. That is unquestionably a failure of communication. I can only guess at the motivation for how/why that was done.
Nevertheless, ADS now seems to be at a point where traction is beggining to be evident. Unsustainable cash burn has been addressed (and not too soon). Rumours of cap raises at ridiculously low prices are just mischevious S#1t stirring. Unfortunately sentiment is too fragile to support a cap raise, and I think the management know that (hence the drastic cost cutting). Last time, the majority of the spp at 1.7c came from insiders. The same would happen this time if they pull that trigger. If capital is needed, the only other option is a "Friendly" private placement with all the dillutory and potentially predatorial effects.
So, to speculate about the future given our latest "near death" experience. Lots of "activation" and new business have been flagged by the management in recent presentations. I tend to take that at face value (even if the enthusiasm is a little premature sometimes). The new cash burn of $2mm pa should see a runway of apx 12 months with current cash (maybe more when we see the quarterly). Making up that shortfall in that timescale should be emminently achievable. If not then, given almost 40% of the mc is insiders and institutional money, it wont be for lack of trying.

Namaste

GLTAH