Keeping the share price below 2 cents will almost guarantee...

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SpareCash7

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27/11/24

09:28

Post #: 76796411
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Originally posted by opel24v: ↑

"[I'll have a stable and say that; Ops, GA8 and all the flip floppers will be gleefully celebrating 'the year of ADO', with nary a thought that they may have been a little premature in their vitriol toward management..."

Sorry WAG, when they eventually deliver a CET deal. My first thought will be thank #%$#%$ god! I'm genuinely concerned they'll continue to dilute us to oblivion by their downright refusal to change their marketing approach to the investment community despite the obvious destruction of the shareprice / market cap of the company. The lower the MC, the harder it is to raise the required funds to keep the lights on.

When resolution 6 was withdrawn, Ewen was genuinely concerned it'd make it difficult for them to raise the required funds.

Here's an idea Ewen:

Change your marketing strategy

Get some new investors on board. Not traders related to your broker! Genuine investors who are drawn to the technology and want to be a part of the next big Australian success story

With a stronger shareprice you'll find it much easier to raise capital and you'll find your loyal shareholders will support it.

Having the SP in a strong uptrend around 40c and then killing it by announcing a ridiculous SPP at 2.5 with a crazy option structure and then dropping a 2c placement on us just before an AGM with zero marketing?? what the $@%%$% are you thinking? it's insane.

Every word I've ever written here I'll never take back. I'm still feeling disgusted by Ewen's response to Peter's question. Their arrogance leaves a bitter taste in my mouth and it scares me. Arrogance has no place in business. Confidence? YES! Arrogance? NO!

The company is worth a lot more than $50m. It's hard to put a value on the IP. $500m? $1bn? $10bn?

It's like selling a Da Vinci painting to a dodgy art dealer for $20m and you might think that's a great result but there is someone out there who would've paid $400m for it

The fact many loyal long term shareholders were missing from the AGM yesterday should be a wake up call to management but it probably won't be

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Keeping the share price below 2 cents will almost guarantee there is a shortfall. There’s no guarantee the shortfall will be oversubscribed. This guarantee’s that the shortfall of the shortfall will come down to ADO’s discretion. Now I’m starting understand that no news isn’t good news at all, lucky for some they actually know the news. Will we receive news before the entitlement closes, probably not because that would be news.

ADO Price at posting: 2.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 1.3¢		Change 0.002(13.6%)		Mkt cap ! $33.81M

Open	High	Low	Value	Volume
1.2¢	1.3¢	1.1¢	$18.88K	1.582M

Buyers (Bids)

No.	Vol.	Price($)
4	517205	1.2¢

Sellers (Offers)

Price($)	Vol.	No.
1.3¢	530000	3

View Market Depth

No.	Vol.	Price($)
2	818702	0.013
4	726517	0.012
4	1114174	0.011
11	3976488	0.010
14	3945251	0.009

Price($)	Vol.	No.
0.012	818703	3
0.013	712000	4
0.014	1558000	2
0.015	3458826	6
0.016	561000	2

Last trade - 14.43pm 23/06/2025 (20 minute delay)

ADO (ASX) Chart

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Keeping the share price below 2 cents will almost guarantee...

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