Care to remind us all of what predictions I've made, as I don't recall making any predictions (expressing a sentiment is not a prediction).
I've said a few times that I've been concerned about a potential capital raising.
This view is formed on basic maths: Current revenue is not enough to pay the bills. So the company draws on it's cash pile to pay the bills. As this cash pile decreases, the risk of a cap raising grows - understand?
I've never made a prediction that "a cap raising WILL happen". I've discussed how the risk of this happening increases if there is revenue growth, no deals and upfront payments, government handouts etc. So every day that ADO burns another dollar that revenue can't cover, it moves a little closer to a cap raising.
ADO Price at posting:
6.3¢ Sentiment: ST Sell Disclosure: Held
