If it gets to a stage that holders are converting these options then the share price is on the up, this is only going to happen if they land a contract. If they do land a contract then it pretty much means ADO does have a product that will make us all some money. But unfortunately they are still going to need money to keep moving forward with development and upgrading etc, this cant be done with no money in the account, conversion of options will help this.
on another point, some investors have just shown faith in the company by taking up this offer, they could have just bought in the market for less but have put the money where it will help, in to the company coffers. Maybe just maybe we should support these investors and thank them for keeping us afloat when it is needed.
Just my opinion and yes i did take up the offer, maybe i am a fool only time will tell...
why ADO is a multi multi bagger, page-479
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Last
1.9¢ |
Change
-0.001(5.00%) |
Mkt cap ! $46.90M | |||
| Open | High | Low | Value | Volume |
| 2.0¢ | 2.0¢ | 1.9¢ | $63.94K | 3.327M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 1806111 | 1.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.0¢ | 582019 | 5 |
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| Last trade - 15.53pm 05/08/2024 (20 minute delay) ? |
| ADO (ASX) Chart |