Short selling from the inside?, page-3

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TerryGl

2,261 Posts.

429

06/08/24

16:51

Post #: 75095716
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Originally posted by bottle: ↑

An insane 62M shares dumped in a single days trade (and an accompanying 20% SP drop).

No one individual holds this many shares.

Maybe, just maybe, ADN have gone to a Broker and said 'organise the CR'. Maybe word has leaked out (via the Brokers?) that the CR trigger is set to be pulled and are one or two individuals are now MASSIVELY short selling.

Sounds fanciful I know...but does anyone remember something similar happening just a few years ago? (An inquiry was set up by the company to get to the bottom of that act but the results were never published).

All just conjecture but if this isn't a massive short selling dump please explain where those 62M shares suddenly appeared from to fall from the sky?

I don't for one split second think anything has leaked from ADN but I do wonder if it has leaked from further down the chain.

IF this is what has happened - and that is an IF - it would be a criminal act.

This 20% erasure of s/holder wealth really does demand an explanation.

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I am happy to say for once I agree 100% with you.

It was not fanciful trading but a direct course of action.

Interesting times ahead and I suspect the announcement very soon.

ADN Price at posting: 1.7¢ Sentiment: Sell Disclosure: Not Held
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(20min delay)
Last 1.1¢		Change -0.001(8.33%)		Mkt cap ! $41.96M

Open	High	Low	Value	Volume
1.1¢	1.2¢	1.1¢	$11.77K	1.061M

Buyers (Bids)

No.	Vol.	Price($)
22	7747018	1.1¢

Sellers (Offers)

Price($)	Vol.	No.
1.2¢	5961630	11

View Market Depth

No.	Vol.	Price($)
22	7747018	0.011
54	25435876	0.010
11	9232777	0.009
9	8971875	0.008
6	8649259	0.007

Price($)	Vol.	No.
0.012	5961630	11
0.013	6382178	14
0.014	6189594	8
0.015	5406278	14
0.016	3918428	8

Last trade - 16.10pm 17/07/2025 (20 minute delay)

ADN (ASX) Chart

Short selling from the inside?, page-3

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