Would this selling not just be a mix of the Canadian company selling their "free shares", and also the shares that were underwritten by PAC partners? There is absolutely no way imo, that PAC partners would be underwriting 70 odd million shares in ADO and then holding them in this market climate? Especially when they have already made a 6% profit just by underwriting them? I imagine they would keep a few, but nowhere near 70 million? This selling is exactly as I outlined it would be in earlier posts.
In my opinion, expect the selling, capitalize on it while the price is low, and wait for their shares to run out and the price to rise. Barring the market completely blowing up, I would suggest this will be a reasonably easy way to make a quick double in the next 6 months. Prices are only set by supply and demand, and right now there is a large supply, wait until that supply dries up and the price will rise.
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Would this selling not just be a mix of the Canadian company...
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Last
2.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $51.84M |
Open | High | Low | Value | Volume |
2.1¢ | 2.1¢ | 2.1¢ | $19.52K | 930.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 61371 | 2.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.2¢ | 360000 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 61371 | 0.021 |
7 | 1265249 | 0.020 |
8 | 990781 | 0.019 |
11 | 1079053 | 0.018 |
6 | 952891 | 0.017 |
Price($) | Vol. | No. |
---|---|---|
0.022 | 360000 | 3 |
0.023 | 300000 | 1 |
0.024 | 154809 | 3 |
0.025 | 486936 | 6 |
0.026 | 45454 | 1 |
Last trade - 15.58pm 21/08/2024 (20 minute delay) ? |
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ADO (ASX) Chart |