It was a steal when it was lingering around $6 to $8 for close...

It was a steal when it was lingering around $6 to $8 for close to 4 years. In the matter of 6 months AD8 took off to above $23. Clearly FOMO buying kicking in - brokers increasing their targets as the stock was going higher. Management saw an opportune time to raise capital at $13 - suggesting management even thought $13 was a good level to raise. With annualised EBITDA of 20 million, and a market cap of 1.3 billion, AD8 is still not cheap. Probably the funds that got caught out buying at the top taking their losses and funds rebalancing before EOFY? Massive director selling of late hasn't helped, but for those who have been in for a few years, taking some profit at those higher levels was a smart move. Look at the massive amount of insider selling of late.