"That said, i'm disturbed that ADO has seen fit to issue 500,000 notes convertible into 18.6 million shares." - Bear in mind that the issue of this $0.5m USD of convertible notes were agreed to months ago back in March when they executed the agreement. The total confirmed commitment in March was $2m USD worth of convertible notes. $1.5m USD worth of notes on execution and $0.5m USD of convertible notes 120 days from then.
If you are only disturbed now, then you probably missed that detail when they told the market back in March.
ADO Price at posting:
3.9¢ Sentiment: Buy Disclosure: Held
