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Consolidations are an admittance of failure and are usually a...

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Gary Gardner

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16/09/23

11:36

Post #: 69883847
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Originally posted by Quiono: ↑

I hear you. Maybe I am deluding myself, but I cant help but look at the positives, otherwise I would have bailed on this Donkey years ago.
Like you, I first bought into ADS about 12 years ago on the recommendation of a broker. His words: "This one will be a Dollar before Christmas".
I no longer have a relationship with that broker.
So, what are the positives:-
A recent presentation pointed out that ~40% of the register is owned by "Insiders". That % would be higher now due to management participation in the recent raise.(another encouraging sign)
The environment that ADS is playing in is a very deep pond. It is also very fast moving and dynamic. The third party Cookie's demise might be the making of ADS. It is fairly likely that a bigger fish will be interested in the Tech as an off the shelf solution if things do go that way. The 40%+ insider ownership should make sure that an adequate price is extracted in that case.
Tom Triskari in the U.S has been as useful as a steak at a Vegan barbecue so far. 2% of revenue coming from America. Pathetic. But, scale can develop very quickly in this space. Also, that can be achieved without a blow out in costs (presumably).
Consolidation is likely simply because of the sheer number of shares out there. It is ridiculous for the MC of a company to go up by 25-33% on an uptick of a tenth of a cent. On the bright side, if this outfit could turn a profit of just $2.5mm in a quarter, on a PE of 10x, you get to your magical $100mm.
Then they all lived happily ever after

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In the brokers defence according to your quote he didn't say which Xmas

I have recently sold the last of mine. I will keep watching the financials for an indication of real growth and may try to get back some of the house ($ value of a house) I have lost on this over the years. I've been extremely patient but enough is enough!

Originally posted by Carso78: ↑

Well said Quiono and the very reason I stick around. My experience though with consolidations is they are normally catastrophic for the long term holder and eventually multiplies the loses as the SP retracts back to the point before the consolidation. So that worries me.

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Consolidations are an admittance of failure and are usually a disaster for long suffering holders. VTI springs to mind, fell heavily in the 8 months prior to a 100-1 consolidation and from memory is now only trading around 25 times pre consolidation price.

ADS Price at posting: 0.4¢ Sentiment: None Disclosure: Not Held
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