Ann: Notice of Annual General Meeting/Proxy Form, page-13

ADR can play with the shares any way they like to set up a CR. Wont change the basic facts on commercialisation and where they might be on sales. The CEO pedalling the same story again wont cut it. If you look at RSH, they have done much of what ADR should have done and still no revenue to talk of. BSM and Trudell are in up to their necks so they have either to stick or fold. Not sure why any of the rest of the top 20 would go in again as it will just take them further underwater than they are now unless there is some new story and evidence that something has changed.

With the Chairman and Board apparently happy to let the CEO bleed the company to death by drip feeding each raise to make it last so he can pick up his pay check every month for no effort, the VP Sales showing no signs of any commercial progress in the UK and no investment in what is their priority market the US then its all getting a bit pointless. With the exception of the CTO delivering the tech pipeline no one else seems to add any value. They need to hang onto the good people ( person) , jettison the rest chnge the leadership from CEO up before the next CR.