Dividing a percentage by another percentage to come up with the number of remaining trading days is very humorous.
Not mathematically correct, but humorous none the less.
If ADO drops 4.35% every day, the drop will be from a starting point of %100 for that day, so it will take alot more time to reach 0.00 than 22 days that you predict.
Using either blindfreddies mathemathematical skills or ADO fundamentals. ADO is a long way off hitting 0.00.
But just to humor you blindfreddie, if the share price kept falling %4.35 every trading day then we would be looking at a date more in the region of Tuesday, 5th April 2016 or 176 trading days from now.
I guess if we looked at that from a reverse angle at when for two days in a row the share price increased by about %4.35 each day, then on Tuesday, 5th April 2016 the new share price will be $198.10.
Now can you see how foolish your previous statement was?
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12 | 2157550 | 0.020 |
10 | 3040767 | 0.019 |
10 | 1652665 | 0.018 |
3 | 94160 | 0.017 |
Price($) | Vol. | No. |
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0.023 | 857853 | 5 |
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