"The Board expects to be able in to be in a position to provide a further update on the joint venture
discussions prior to the end of the second quarter of 2010."
I don't like that bit... looks like ADY is going to drift all year until another little bit of info about how negotiations are progressing in around December... looks like at least until next year if anything did ever come from this company(which I am starting to doubt).
I sold out at 1.6 just before this little dip as I cant see them continuing all year without raising capital again during the year as they have spent most of the cash already -- even if it was to pay down some debt.
Ann: Update on Joint Venture discussions , page-6
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Mkt cap ! $17.92M | |||
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Buyers (Bids)
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