On Friday afternoon, ABN Amro released a "Tech and Telco Watch"...

On Friday afternoon, ABN Amro released a "Tech and Telco Watch" note which featured Adacel for the first time. The title of the paragraph devoted to ADA was "well worth a look", and was essentially a comment on the recent ASA contract. (There was a typo in the note: It claimed ADA's market cap is $91mill, when in fact ADA's market cap is only $61mill).

Often informal coverage is a prelude to formal coverage. Already, Intersuisse is formally covering ADA (with a buy recommendation on the stock). For a company of Adacel's size (and tiny trading volumes), having two large broking houses formally cover it would be a major achievement.