All good points chainspotting , however there are lot who bought ADO on the basis of the words and expectations coming from the CEO and the Chair.
They are burning cash fairly quickly as you know and the CR giving the 20m is fast evaporating.
By Derek's own admission he doesn't even know how much revenue is there and has given zero confidence of when there will be any coming in the near future.
Cash does not grow on trees and ADO will feel this pressure later in the year should sales be non existent.
So getting back to investing or trading
Which one is it?
For me parking hard earned $ waiting for ADO to launch at present is wasted capital.
I also don't subscribe to the comments Opel makes about not being in this stock, succumbing to the inevitable FOMO syndrome
This has been the mantra for ADO for some time.
After last weeks massive drop some are financially hurting I imagine
Obviously will keep watching
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Last
2.6¢ |
Change
-0.003(10.3%) |
Mkt cap ! $64.73M |
Open | High | Low | Value | Volume |
3.0¢ | 3.0¢ | 2.6¢ | $209.8K | 7.543M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 592714 | 2.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.8¢ | 269442 | 1 |
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No. | Vol. | Price($) |
---|---|---|
7 | 592714 | 0.026 |
8 | 1513341 | 0.025 |
9 | 1391573 | 0.024 |
3 | 1165217 | 0.023 |
5 | 316454 | 0.022 |
Price($) | Vol. | No. |
---|---|---|
0.028 | 269442 | 1 |
0.029 | 130000 | 1 |
0.030 | 32000 | 1 |
0.031 | 100000 | 1 |
0.032 | 450000 | 3 |
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