It is an awkward twist to argue that a company is hiring an experienced business man, known for guidance within early growth phases, because they are in negotiation trouble.
There is only one reason a company can firstly afford to pay an additional substantial director's salary and secondly is in the position to attract such an experienced person, it is because ADO's outlook is exciting.
In business terms, ADO is going to the next level. The negotiations are advanced, the hiring of Bouris is making this very clear. Preliminary testing on several fronts must have come back positive and ADO needs financial and partnering skills of how to move forward into commercialisation.
Mark brings a wealth of strategic, tactical and negotiating expertise and will be a welcome resource to the board and senior management.
A very strong hint of signatures to be expected soon.
ADO Price at posting:
7.8¢ Sentiment: Buy Disclosure: Held
