Almost a year on from initial analysis of ADO's finances post...

Almost a year on from initial analysis of ADO's finances post Diasource acquisition and (as expected) the numbers remain as challenging as ever, primarily as that elusive rainmaking deal has still not eventuated from the Australian side of the business.

No doubt members of the current management team are highly incentivised to find the necessary funds to keep the deal on track, not only for the next instalment payment but more so to ensure the earn out consideration is payable when it falls due.

Uncertainty surrounding remaining share overhang from the previous financing round coupled with the possibility for existing major shareholders/traders seeking to preempt the next financing move are evident in the recent SP imo.

Depending on how this plays out in the next month or so and how the numbers stack up there may be a good buying opportunity to be had so keeping a close eye on developments.

Enjoy the festive season downtime and may 2017 be a prosperous New Year for all.