Good Morning Peter,
Like you, I have been around ADO for a lot longer than most on here. And I also was a supporter of the Diasource intent - immediate cash flow and the opportunity to add our product enhancements to their product development and market presence. Unfortunately, our much-lauded Chairman at the time made no effort, or failed, to entice any of his wealthy mates to kick the tin and as our funding fell short, we ended up without full control of the entity.
As for Geoff, I have always found him to be totally committed both emotionally and financially to ADO. He still maintains the majority of his holdings despite our rollercoaster share price.
At present, I believe we have the most credentialled Board that ADO has ever had, and I would not like it to be disrupted. As for the CEO, he inherited some substantial issues from the previous CEO. Derek had been instructed to employ a Sales Manager, he did not, perhaps fearing he might be exposed with limited skills, or perhaps fearing loss of control. That meant we were a FIFO engagement that is always difficult when you are a minnow. However, inherited issues aside, David is strong on MKTG101 motherhood statements but is yet to kick a goal - he has probably fortified his chances by our recent appointment, but 6 months from now, No substantial sales - gone! There is no way in hell I would support granting any options at the AGM - and any comment that he might go if they were not made available, I would point to the door, and suggest he tries the same negotiation tactics on our potential customers.
Please note my Sentiment below.
So we wait.......
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