"best time to buy is when others are selling out of fear"
That's true when the whole market or a sector is taking an unfair beating. The GFC created a lot of millionaires.
In ADO's case, there is a very good reason we're stuck around 2c.
We have less than two quarters of funding in the bank. The next 4C will show one quarter left unless we can get the ~2.7m R&D rebate early.
How the company will be funded after that is purely a gamble. History has shown us that the new management will leave a CR to the last possible minute and with no promotion of the company prior to create any excitement in the stock.
What I am hopeful of is:
* A good sized Government grant * An equity stake taken by an EV company ( or two )
But my reality will probably be another capital raising within the next 6 months unless they can create some excitement to get the 3.5c options converted
ADO Price at posting:
2.2¢ Sentiment: Buy Disclosure: Held
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