Fluffynymph, these 19.5 mill shares were part of 39.5 mill shares issued to sophisticated investors on 13 Nov 09 at $0.006/share
They were sold over 6 DAYS ago at above $0.06/share
That's what sophisticated investors do!
The share price has not plummeted in the last 6 days. Why?
A director sold 2 mill shares on Jan 19 - 8 DAYS AGO. I don't recall rats leaving a sinking ship that day. In fact, on that day, shares rose from a low of 0.061 to close at 0.069
Since then the shares have traded in the 5.1 - 6.5c range while the stock market in general has tanked. Further, we're still above the 5.1c low
Which way will ADO go? In the long term, up, I suspect, since they have product that has just come onto the market. In the short term, sideways
ADO Price at posting:
5.4¢ Sentiment: ST Buy Disclosure: Held
