What's next?There may be a glimmer of hope out there. If I remember correctly, ADK usually goes through some sort of finance deal this time of year in order to keep the lights on. Given the lacklustre performance this year and the level of dilution, I think a pp could be a tough sell. This could mean racking up more debt, but it also could offer a glimmer of hope. This might be a decent entry point for a large institutional buyer, it could also offer the opportunity to change some deep rooted underperforming members of management. A new CEO would have his hands full but the right team might have the ability to successfully sell this product and make money.
Love the product, love the story, but it's Time for a change!