I have recently been critical of the ADO Board and senior management, particularly with respect to the two CR’s, as well as what many of us perceive as poor share holder communication and engagement.Whilst I still strongly maintain my opinion, that the two CR’s were terribly executed and both devastating for our share price and share holder dilution, credit must be given where credit is due.
The recent release of the “In conversation” videos, featuring Manuel Wieser and the newly appointed Fabian Beck, have been both refreshing and informative.
If any one hasn’t taken the time to view them, it’s well worth the effort.
Also, it can be seen as an indication to shareholders that the volume and level of shareholder dissatisfaction expressed recently, has been taken on board.
Given that the All Odds has taken a hammering in the last few days, it has been some comfort that the ADO share price has held up reasonably well, admittedly at an unacceptably low level.
It’s quite possible that these videos and their timing contributed to our share price “holding the line”.
As always, there are no guarantees of success at the high tech, spec end of the ASX, but if nothing else, the videos again validate our technology, at least in the eyes of two of the most important and highly experienced ADO executives.
It would also be great if it is an indication of a “policy” change by our board and CEO.
We continue to hold, possibly with some “refreshed” hope.
(20min delay)