What a pleasant surprise it was to see Mark Bouris join the ADO family.
The guy is a smart cookie, and would not ruin his reputation in the financial sector by aligning himself with a no-hoper! It gives me even greater confidence that little Anteo has a bright future.
Not being one to be shy of the spotlight, the additional press coverage that Bouris commands in this tough market is priceless. From future capital raising to doing pr interviews, and negotiating future deals, he is a well respected name in the industry.
Timed his selling of Wizard to GE to perfection for a cool $500mil in 2004/5. But GE, on-selling Wizard, lost bigtime because of the GFC. Not saying he predicted the GFC, just that his timing was flawless. Also turned around the fortunes of TZL from the brink of extinction. Such business acumen is a positive for Anteo.
Yes, he is here to make money, just like all of us that invest in the market! He would not be joining the ADO family if there was no incentive to increase his bank balance. Will be interesting how much he personally invests in ADO. Waiting with interest for his Appendix 3B New Issue Announcement!
But I did have a laugh, as he is also on the board of my beloved Easts rugby league team. The Easts board has some big hitters like channel 9 boss Gyngell, Packer, Politis, real estate mogal McGragh, ex DJ's boss McGinness etc. All have a decent bank account lol.
Overall, a positive aquisition by Geoff and the board. His experience and financial pull, in this tough economic period, can only be seen as a positive move. Now that the Yanks are getting close to sorting out their financial mess, the markets should start stabilising for now. Europe still has major issues as well. Even China with inflation pressures. Crazy times!
We are all waiting for some long-awaited, and hopefully positive announcements, that should light a fire under the share price of ADO. And that combination with the name Bouris in the press, will attract much needed attention and greater investment into ADO.
We are at the beginning stages of a long journey. We have a product that has fantastic potential. Bouris would not be wasting his time and effort if he did not see the big picture in the ADO story.
The stock is currently being manipulated AND accumulated!
This time next year, I highly doubt the market cap will be at its current level of $58mil.
As they say, follow the money trail, money follows money!
As always DYOR.
ADO Price at posting:
7.9¢ Sentiment: LT Buy Disclosure: Held
