Very good point Twin and something i have aften wondered about.
Why wouldnt a major take an equity stake in the company to take advantage of the share price increases as they ramp up mixngo sales which will therefore increase revenue and profits to ADO which would increase share price.
Take advantage of ADO share price inrcreases as well as taking advantage of the edge that mixngo provides to thier company and product range.
Its a win, win situation i would have thought.
I have seen this happen quite a few times where majors take equity stakes in smaller companies they are tied up with.
Time will tell but it would be very nice if this was to happen with ADO.
4c, page-27
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Last
2.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $67.22M | |||
| Open | High | Low | Value | Volume |
| 2.7¢ | 2.9¢ | 2.7¢ | $17.68K | 634.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 541015 | 2.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.9¢ | 4693635 | 4 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| ADO (ASX) Chart |