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A few weeks ago when we were at 1.5 cents, I toyed with the thought of buying another million.
So glad I didn’t. Even now I can get that million for 0.9 cents but I’m really questioning how smart it would be to throw another $9,000.00 at this perennial loser.
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and you wouldn't be alone in your thinking.
But what has changed since we were at 1.5c?
At 1.5c the market had ZERO faith in management
Today, at 1c, the market believes that same management has now fled a sinking ship.
but really, what has changed fundamentally?
as far as I can work out, all the deals are still in play and we have a management team that for once is aligned with shareholders.
I'm confident they'll immediately start cutting costs to make our cash runway last until we get revenue from partners and not from diluting shareholders.
Revenue? we must be at the pointy end of quite a few negotiations. Next week we should get the 4C and a comprehensive update on the state of play.
At 1c, I'd argue we've never been in a better position for success. We have two very strong and competent women at the helm. Gone is the fraud we had to suffer and the team that protected him. Glenda will finally be able to shine after being shut down by D, E, and K for so long.
And for all the above reasons, I've recently been adding to my holding. Getting back the shares I sold between 2 - 2.4 and adding even more.
Bought at 1.4, 1.2, and now buying at 1c, plus options at 0.004
I've been called a flip flopper in the past. I've always been 100% pro ADO but was totally against the stupid decisions made last year and was quite vocal about it because I care about this company
GO ADO!!!!!
(20min delay)