I have traded this a few times and am always watching it. Each time it has been sold off on bad news, someone has been buying it back up to around $1.30...They have been trying not to let the price go higher, thus each time it does they stop buying until it drops below $1.30 again. Very large orders have been getting filled at $1.29 - $1.31....
It seems to me it may be someone with takeover in mind. This stock will not start paying a Dividend until next year so if you do enter I would be prepared to hang on for a while.
I suggest keeping an eye on it and enter under $1.30 if you decide to buy.
Now I have said this its sure to hit $1.50......
I no longer hold.
ADZ
adsteam marine limited
