Stocky, you sound disappointed but the trading action is pretty...

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Rameez

12,215 Posts.

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16/07/20

15:51

Post #: 45913977
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Originally posted by Stockcount: ↑

150 million shares traded but only a 1.6 cent lift is not what I would call healthy.

Far too much selling.

Hopefully this is clearing out the financier's position CPS capital and the next/latest (1.5) finance guy. Giving them a neat return on the cash they made ready for the last 2 CRs. But now out of it.

So the next announcement in the next week or month around who is going to finance, manufacture and distribute this gold plated FLU A, B plus COVID 15 min (with antigen) test is going to be free to run without 100 million shares sold into it.

Even though 150M is only a 11th of what is on issue, I'm feeling alot of those bigger hands we be around for alot more than 3 and a half cents.

Plus the next announcement should have more finance/revenue/timeframe and actual companies involved named so this spike should clear the decks of the loose shares so get a good run next time.

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Stocky, you sound disappointed but the trading action is pretty much what I expected relative to the announcement. Still plenty of speculation to be pondered. It's not inconceivable that this could drift down into the low threes without further news in the short term. Again, like batteries there are plenty of competitors out there trying to achieve the ultimate. As I have always said, until revenue generation numbers are confirmed then savvy investors will sell on the spikes.

ADO Price at posting: 3.7¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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