It certainly is a traders stock at the moment. Two types of traders, with both types having to be extremely vigilante and disciplined. Type 1 is the pip trader for say a quick 6 to 10% return with the risk being lack of liquidity thus stifling any significant SP appreciation. Type 2 is as your suggestion, the pump, liquidity returns and the SP increases 70 to 80%, with the trick being to pull the trigger at the right time.
A consolidation of the capital structure of the company is a distinct possibility during 2018 dependent on who ends up in control of the company. I wouldn't like to get caught holding large numbers of shares if and when this happens unless accompanied by an announcement confirming a significant revenue stream.
Very very risky holding large quantities of ADO whilst all of the boardroom shenanigans plays out. The $6 million will be quickly diminishing so wont be long before more loot is required.
Just my own personal opinion so the very best of luck in implementing your strategy.
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Last
1.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $46.90M |
Open | High | Low | Value | Volume |
1.9¢ | 1.9¢ | 1.9¢ | $23.42K | 1.233M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 1142321 | 1.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.0¢ | 339684 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 1142330 | 0.019 |
12 | 2488162 | 0.018 |
5 | 807891 | 0.017 |
5 | 1629529 | 0.016 |
7 | 1203869 | 0.015 |
Price($) | Vol. | No. |
---|---|---|
0.020 | 639684 | 3 |
0.021 | 381081 | 5 |
0.022 | 5000 | 1 |
0.023 | 420000 | 2 |
0.024 | 164509 | 3 |
Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
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