Fat Harry's view

FWIW (which probably isn't much)

Fat Harry agrees it was a Dog Day. Lots of red ink spilled.
I wouldn't be surprised if a few ADO investors simply decided not to wait in the queue any longer...they pulled out and used their cash to either offset other losses or take advantage to buy something cheap.
Not necessarily a failure by ADO except, as another poster stated "FAILURE TO GET A DEAL OVER THE LINE".

Watching a stock you own plummet is never easy, never nice.
As Big Bjorn (one of FH's old friends) is fond of saying: "It's a bit like pleasuring yourself with a cheese-grater...you can try to kid yourself it feels good, but the only time it really feels good is when you stop!"

The Cat