I'd like to see a large cap raising to stop some of the dilly dallying that goes on with ADAM and seemingly slows a few other projects down.
$10m cap raising dilutes the shares by a sixth.
Launch ADAM on mass - implementation at $40k/locker (a guess) and do that 50 times (= $2m). A proper network and presence is established to build upon and raise profile so consumers like myself can readily use it.
Lets face it, a cap raising is due in a few months. Get in over and done with before the share price drops further.
I'm sure other news is around the corner (tenders for other postal contracts, ADAM parterships, etc) but the speed of play always seems to be slower than first announced with too much "coming soon" jargon. We're only at 9 ADAMs and I'm sure we were due this amount a year ago.
I'm happy to hold on. We're in a growth sector, management now has experience, a client base is there, and some runs are on the board. But a bit more urgency wouldn't go amiss.
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I'd like to see a large cap raising to stop some of the dilly...
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