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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I agree, whilst the plan looks competent and would be tempting...
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Last
0.8¢ |
Change
0.001(7.14%) |
Mkt cap ! $25.71M |
Open | High | Low | Value | Volume |
0.7¢ | 0.8¢ | 0.7¢ | $21.41K | 2.884M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
63 | 22833910 | 0.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.8¢ | 3108414 | 7 |
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No. | Vol. | Price($) |
---|---|---|
63 | 22833910 | 0.007 |
33 | 15051155 | 0.006 |
16 | 14006199 | 0.005 |
5 | 7450000 | 0.004 |
4 | 8835000 | 0.003 |
Price($) | Vol. | No. |
---|---|---|
0.008 | 3108414 | 7 |
0.009 | 18926478 | 26 |
0.010 | 7675044 | 11 |
0.011 | 27226522 | 7 |
0.012 | 29515921 | 7 |
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