ADO still have the balance of shares not captured in the entitlement ... If they can convince a new cornerstone investor to buy in, wouldnt that be a well timed confidence boost. I believe they have until March to consider this option or the shares will expire.
Could be a bargaining chip in some upcoming commerical arrangements, and or the Board and Directors and long with out newly appointed director would - you would hope be looking to secure a cornerstone investor after showing them the goods to jump on the train.
The share price suppression, weak macro economics, and slow interest rate reduction is certianly killing the speculative markets....
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