I have been looking at ADY for a little while now and have...

I have been looking at ADY for a little while now and have traded but I think management fundamentals are all wrong.

ADY Board disregard there shareholders and in my opinion make a mockery of the market with late reports and late announcements. Sure they have been good with there houskeeping when they have something great to report but more and more I read and look at the boards actions - I am afraid that this company is a dead duck and will go into receivership.

Look Charger (a company that appears to be like rotting fish in Denmark) looks like a scam company - if the board was interested in raising capital and it the RLL and associated business activities are thought to be of a high estime - then don't sell the RLL project for a quick cash injection - if it can be sold at all.

Hold a right issue to raise capital - go to the shareholders for support.

I am sorry to say there now dodgey dealings are giving them no crediability and there slow actions in raising funds is telling me that this company is insolvent.

Evidence:
Non Payment of IO proceeds and claims against other parties - ADY action announce, proceed with legal action and avoid on going questions at shareholdr meetings.

Sell RLL - to whome, why and what about the good shareolders opinion - it really is not for ADY to sell outright until it seeks the advice of the people who own the company - THE SHAREHOLDERS - were there any special AGMS called - no.

Promises to update shareholders on developments of the sale - I believe shareholders were promised a 2 day wait for a discession - NO NO NO Again - STALL -

The board has no accountability to the shareholders - and as part of the opening statement in the AGM was close to (and in my opinion) insolvent.

If there is no announcement next week ( and I mean by Wednesday) I would be very nervous in holding ADY stock.

It is just an opinion and I wish that I am wrong - but I have seen this type of tatics on the UK market before and it has to stop with ADY being the example.