ADO needs a buy in by a serious industry player imo. It would add gravitas funds and exposure, also an element of protection from a takeover (perhaps risk too). A whisper or fear of a hostile takeover may be one reason for this poorly handled raise.
They obviously know more than they are saying and hiding behind that dumb mantra ''NO NEWS'', just makes it worse. They forget they are dealing with mature people most of whom are switched on grown ups who know how to deal with bad news as well as good. Adults also respond badly to BS. As they may soon be reminded.
Frankly this is all getting boring too, a cardinal sin in my book.
Ann: Industry presentation - AABC Europe 2024, page-98
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Last
2.1¢ |
Change
0.001(5.00%) |
Mkt cap ! $51.83M | |||
| Open | High | Low | Value | Volume |
| 2.0¢ | 2.1¢ | 2.0¢ | $15.25K | 750.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 23 | 5639520 | 2.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.1¢ | 524070 | 4 |
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| ADO (ASX) Chart |