I agree, whilst the plan looks competent and would be tempting to the BoD given the dire situation ADN is currently in, I am wary of Ramcap themselves, who claim to be "buy and hold" investors, but also seek 100% gains on all their stocks within 12 months. From my experience, those two things are contradictory and long term investors do not think like that - so something is definitely fishy here.
You either go for the long play or you go for the short term profits, attempting both makes no sense to me, and I suspect these guys are just short term activist investors that only seek a quick gain before dumping their interest in whatever company they're currently targeting. I don't trust them, but I'll be happy to be proven wrong.
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Mkt cap ! $27.14M |
Open | High | Low | Value | Volume |
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---|---|---|
63 | 22052597 | 0.7¢ |
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Price($) | Vol. | No. |
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50 | 20675989 | 0.006 |
26 | 13930122 | 0.005 |
8 | 10525000 | 0.004 |
6 | 19278333 | 0.003 |
Price($) | Vol. | No. |
---|---|---|
0.008 | 12090336 | 21 |
0.009 | 15115894 | 14 |
0.010 | 7602677 | 10 |
0.011 | 14176522 | 5 |
0.012 | 13395921 | 5 |
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