RE: 8.00p back in Jan ????4 Oct 2015 20:15
Hi Dave,
I will refrain from my personal opinions and just give you brief summary of ADSS. I have my theories as to why the shareprice has continually fallen but you could argue that my views are tainted . So I will just give you the facts
African oil field logistics became ADSS as part of reverse merger. They announced great results and ambitous projects and a healthy balance sheet with a good amount of cash in the bank. However, since its new listing ADSS shareprice continually fell. The crash from 2p down to 0.5 came when they released a trading update in july stating bad trading conditions and that $12 million cash they had at the start of the year became $6.1 milliion.