Hello best of predictors : ) I hear you have been liberated into...

Hello best of predictors : )
I hear you have been liberated into the night as of today.
(..but you might already walk my dreams)

Thank you for sharing your chart ..
..... It was all grey here - inside and out - and now it feels quite wicked and larcenous to be so uplifted by seeing you, and the price here also flying (currently up 13.21%!)
..... but still the grey is all shot through with sparkles of light... so can it be so wrong?


An extra special boon (for me) is that your analysis and today’s price action demonstrates yet another instance of technicals outweighing fundamentals (unless you are long and fully educated in a company’s people, status, opposition, prospects, history and more? )


Because I was in a bit a maths tither with extras aboutAD1 on the weekend.
This was after reading the acquisition of USS was - as of January 2019- set to “incorporate a significant and diversified annual revenue stream of ~$4 million”.

- Yet the 2020 annual report [link] said revenue, whilst up 51% had only been $3,654,915.
Then looking deeper, I had become alarmed at ‘a not fair but reasonable’ analysis by BDO about that acquisition due to a single person - AD1’s executive director, Michael Norster, being involved on both sides.

Here’s a bit about Michael from Eli Greenblat in the Eureka Report [Investing: The Norster Way 7/09/17]

....and I just collated a few links on the USS acquisition timeline for anyone interested.


cheers and thank you again Maestro

Spoiler : USS - not fair but reasonable

November 26, 2018 [here]
Proposed business combination with Utility Software Services Pty Ltd and intention to undertake a placement
“..Potentate Investments Pty Ltd (Potentate) is ApplyDirect's largest shareholder with an existing relevant interest of 10.21%. Potentate is controlled by Mr Michael Norster (a non-executive director of ApplyDirect) and in its capacity as a USS shareholder, supports the Proposed Acquisition. Potentate is the majority shareholder of USS and Mr Norster is also a director of USS.
Accordingly, an independent board committee comprising Michael Kay and Bryan Petereit (Independent Directors) has been formed to consider and negotiate the Proposed Acquisition with a view to making a recommendation to ApplyDirect's non- associated shareholders as to whether the Proposed Acquisition is in their best interests.

January 3, 2019 [here]
Intended strategic rationale and benefits of deal included that it would
• “incorporate a significant and diversified annual revenue stream of ~$4 million”

February 13, 2019 [here]
BDO Report - “not fair but reasonable”



March 22, 2019 [here]
Acquisition
Completion of the Acquisition has now occurred with the Company issuing 132,888,893 new fully paid ordinary shares in the Company in consideration for all of the shares in USS under the share purchase agreement.
Following the Acquisition, the shareholders of USS have been issued (in aggregate) such number of ApplyDirect's shares as is equal to approximately 30% of the enlarged ApplyDirect (excluding the impact of the Placement referred to below) and Michael Norster, a director of ApplyDirect, now has a relevant interest in 40.46% of ApplyDirect's voting shares.