Not saying they are terrible, just think not in same league as...

  1. 8,972 Posts.
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    Not saying they are terrible, just think not in same league as FZO.

    They both have a similarly very good product but look at what FZO has achieved since listing compared to AD1 (similar timeframe).

    - Made an acquisition that allowed them to crack the USA
    - Cracked the Phillipines, Indonesia and Malaysian markets, and to some extent the UK
    - Developed a unique 'to market' model. While most apps go consumer route, these guys smart enough to realise that the real opportunity is schools and telco/isp partnerships

    I look forward to what they achieve in the next 12 months.

    I also feel a couple of AD1 directors are way overpaid. Again the comparison with FZO is damning. Bryan Peterit for example is on a huge package, its almost as much as the entire FZO board remuneration combined (!!!). Michael Kay the chairman is on $180k, the FZO chairman is on around $41k. Both Kay and Peterit have large holdings in AD1, so they really should be taking smaller amounts of remuneration.

    Peterit is a key person so probably can look past that. But Kay really hasn't done much, for such a high profile identity.

    Only Lorcan Barden's remuneration package is justifiable. I've also had a few chats with him, and he strikes me as very capable. Probably the reason I am still a holder and expecting better things.

    Cdchi1
 
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