Per the earlier posts the business is now going from life support to terminal with a Board that appears to not understand their Directors' Duties. This is especially the case with respect to the Selection of Competent and Capable CEO and LT, stewardship of strategy/risk and potentially non-compliance. Minority shareholders are protected by ASIC Regulatory Guide 62 that ensures markets operate fairly and all shareholders interests are protected which brings to question the engagement of a select number of shareholders in a closed conference call with management.
Continuing BAU in line with the past 2 years vindicates the Institutional and Industry Investors who are, even now, still excited by the Segment and the ADO Si Electrode Technology but can't absorb the risk of a high cost, inexperienced and ineffective Exec Team and Board with little battery cell chemistry pedigree.
DYOR
ADO Price at posting:
1.2¢ Sentiment: Sell Disclosure: Not Held
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