Imagine being a Soph with Cannacord, strong sold into 175m...

  1. R08
    11,529 Posts.
    lightbulb Created with Sketch. 2027
    Imagine being a Soph with Cannacord, strong sold into 175m shares at 2c for $3.5m, getting issued on 20th November last year and being totally underwater since in an illiquid stock ?

    Goodness me....if that couldn't get the price to spike - as ADO now drifts into the depths of 52 week lows - then the market makers are clearly highlighting that "if it looks like a dog, it is indeed a dog" !

    $2m a quarter on staff and administration costs ?? Ridiculous.
    Last edited by R08: 21/01/25
 
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(20min delay)
Last
1.1¢
Change
-0.002(15.4%)
Mkt cap ! $29.75M
Open High Low Value Volume
1.3¢ 1.3¢ 1.1¢ $33.86K 2.679M

Buyers (Bids)

No. Vol. Price($)
10 2125960 1.1¢
 

Sellers (Offers)

Price($) Vol. No.
1.2¢ 6500 1
View Market Depth
Last trade - 16.10pm 20/06/2025 (20 minute delay) ?
ADO (ASX) Chart
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