It's not really clear to me as to what the ultimate aim would be by major holders deploying such tactics other than accumulating small amounts over time if you knew there would ultimately be a 'financial benefit'? Most retails holders would have bought/ held in the belief that ADO would become a successful going concern i.e. an investment, investors (retail) are not playing these games hence it is my belief there is an ulterior motive for this.
This morning is a prime example where the buy side jumped from 33M on closing 22/4 this morning opened with 48M on buy side, then to jump to 58M by 11am creating the illusion of 'buying' interest, not selling pressure? If they really wanted to frustrate the retail holders out of their shares remove the buy side contracts, lower the daily volume and increase the sell side, that's not happening atm.
ADO Price at posting:
0.8¢ Sentiment: None Disclosure: Held
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