Number of trades and volume has slowed since this mornings announcements.
It seems the 50% control has not spooked too many people. Holders are keen to wait for valuation and advice from ADE management.
From this mornings ADE announcement -
"Commenting further on the events to date, Mr Carl Dorsch said “The Board continues to work hard for all shareholders. There is still plenty of time for shareholders to make a fully informed decision and I urge them to give the Board time to respond to this hostile takeover. We will provide a Target Statement in due course, which will include an Independent Expert’s Report, to facilitate this.”
ADE Price at posting:
20.0¢ Sentiment: Hold Disclosure: Held
