Excellent decision by the company, lets get one thing straight ADO are NOT raising money to cover the running of the business, we have more then enough money to do this.
This raising is for the ramp up of the use of Mix&Go in other areas that the company sees massive value in. The increase in resources that this money will allow will be a massive positive for the growth of ADO and for us shareholders.
Instead of releasing value over say a 5 year period we will now be able to release the same value much, much sooner ie. 1-2 years.
This just means we will see share price increase much sooner then first expected based on sooner milestones and developments surrounding Mix&Go and the new deals and areas this new funding will open up.
ADO Price at posting:
15.5¢ Sentiment: Buy Disclosure: Held
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