Lol Trish,
I'm actually quite positive on ADY SP prospects, Someone is eager to mop up all the 1.4c issue dumpings they have cleared up everything at 1.6c which gives me the impression that it will be taken for a run in the comming weeks.
RI oversubscribed is also positive.
You would think out of the amount of potential JV partners they can find a favourable deal.
You can also thank management for letting the retail investors having a bite of the cherry on fund raising. Many other stocks like this see LT holders get crucified by issues to sophisticated investors. I'm not following ADY long enough to have experienced the previous poor management & havent been stung like some longer holders, call me a bottom dweller if you wish, but I think we will see brighter days ahead for the SP in 2010 (or maybe sooner)
I'm not too sure on the Buy High Sell Low strategy, but if you dont have faith in the company succeeding, perhaps you should have sold some time ago as there have been no recent negative fundamentals to sway ones opinion from holder to dumper IMO.
I'm not criticizing your stance, just trying to make sense of why you would come to this viewpoint at this juncture. Good luck to both of us.
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