There was accountability. Mark bouris is gone. GC lost his role,...

First 8 Last

Share
Profile

Follow
Stockcount

1,638 Posts.

148

21/09/18

00:16

Post #: 35739956
Share

Originally posted by dolcevita ↑

Except for Cummings, who was at the head of the table when the Diasource deal went down. He is not at the head of the table anymore.

Right. And there's more on that. But why he is still on the Board is beyond me. But never mind.

If that issue (material results/cycling of the batteries) is resolved, the financials will take care of themselves and the governance is already out of the way because everybody is gone !

Not really. They can get an injection of funds from a Battery deal and still manage to psss it up against the wall, like they did with innumerable CRs.

Regarding the financials...they are spending the cash in bank on the last through of the dice. If cycling is not resolved there will be a CR and possible consolidation. We do know this DV.

Well how convincing are they about the wisdom of their choices? They don't make a case why we need to hire 2 staff. Their business model has been pretty much CR's spend wildly and hope for the best. A temporary period of austerity, and reversion back. This is what worries me.

A consolidation must precede another CR. It's bleeding obvious innit?

I KNOW I'm not telling you anything new there! (Half the time you guys feel patronised because you don't realise my underlying or express points.)

My point is the damage was done with the dilution. More importantly, there has been no serious accountability over how and why that occurred and continued to occur.

@bourbasted is IMO absolutely correct in that, if the Diasource purchase hadn't happened ADO would not exist.

But also arguably the whole company has been a series of errors, based on wishful thinking, and worse, potentially mismanagement and vanity projects. In here there has been very little curiosity about other ways of looking at what might have happened. The loyalty people like GC has commanded for so long has been IMO ridiculous. At least, at least, this is changing.

Expand

There was accountability.
Mark bouris is gone.
GC lost his role, although diasource just took over here, but he wasn't put back in place after.
New chairman, new CEO, and 3 directors gone, including that jedous financial guy Richard someone.
So they are gone. That's it.

ADO Price at posting: 1.3¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

SGP

Things finally 'looking different' for up-and-down Hot Stock tip Stockland

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

STP

Radiopharm extends radioimmunotherapy trial to 5 more cancer types

There are more pages in this discussion • 6 more messages in this thread...

First 8 Last

Add ADO (ASX) to my watchlist

(20min delay)
Last 2.1¢		Change 0.000(0.00%)		Mkt cap ! $54.77M

Open	High	Low	Value	Volume
2.1¢	2.2¢	2.1¢	$83.79K	3.987M

Buyers (Bids)

No.	Vol.	Price($)
14	2097105	2.0¢

Sellers (Offers)

Price($)	Vol.	No.
2.2¢	209711	3

View Market Depth

No.	Vol.	Price($)
1	100045	0.017
12	5392623	0.016
6	1570373	0.015
5	1270000	0.014
2	1045000	0.013

Price($)	Vol.	No.
0.018	165394	4
0.019	555555	1
0.020	469389	4
0.021	105917	1
0.022	1013156	4

Last trade - 16.10pm 19/11/2024 (20 minute delay)

ADO (ASX) Chart

There was accountability. Mark bouris is gone. GC lost his role,...

Top Stories

Things finally 'looking different' for up-and-down Hot Stock tip Stockland

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

Radiopharm extends radioimmunotherapy trial to 5 more cancer types

Buyers (Bids)

Sellers (Offers)