I cant read the update announcement on ADQ ( im a technophobe). Any one witha summary appreciated cheers JT
$3.1 mil capital rising concluded.
Aquisition."The due diiigence on this purchase has identified a non-finalised legal matter which may lead to a material impact on the prospective company's balance sheet."
"Based on this,the Board of ADG has decided to delay the purchase until this mkatter is resolved."
Hi Percy, thanks.I need to upgrade my system i think. Is that why ADQ s/p dropping away. Good to know they have standards and are being thorough. Still watching and waiting for a poss entry although i have enough riskier exposure atm mainly in ever suffering"are we there yet" Goldies. You in with a longterm time frame percy and steve i guess. cheers JT
Hi Percy, thanks.I need to upgrade my system i think. Is that why ADQ s/p dropping away. Good to know they have standards and are being thorough. Still watching and waiting for a poss entry although i have enough riskier exposure atm mainly in ever suffering"are we there yet" Goldies. You in with a longterm time frame percy and steve i guess. cheers JT
I think the rewards more than cover the risks.I try to have small amounts in a number of these small cap companies.A lot have good balance sheets and are growing earnings very quickly.I tend to buy for the long term.If they do something I really like I add to my holding,otherwise I just sit.
I have made the mistake of selling half my holding to have a free ride.Better to let profits run.
Hi Percy, thanks.I need to upgrade my system i think. Is that why ADQ s/p dropping away. Good to know they have standards and are being thorough. Still watching and waiting for a poss entry although i have enough riskier exposure atm mainly in ever suffering"are we there yet" Goldies. You in with a longterm time frame percy and steve i guess. cheers JT
Unfortunately for ADQ, macro conditions have conspired against it.
“It has been unfortunate timing for the Company that at a time of significant investment into our strategy, we have been faced with subdued market conditions.”
The one positive thing for ADQ is they managed to get their capital raising away, before the sh*t hit the fan. Be very difficult to raise given current conditions.
The other thing is they have finally become cash flow positive, as their working capital requirements have unwound with the slow down.
Though, can’t really see a catalyst to drive the share price in the near term.
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