I'm not a trader, I may not even be a savvy investor, and maybe call me naive for believing in the company's scientific statements. Yes, I do think our IP and in turn our products based on that IP are extremely valuable. I'm trying to understand our ridiculous MC at the moment.
Wiser contributors here might correct me but there appears to be someone with very deep pockets accumulating and picking up parcels as others bite-the-bullet on the way down. For every trade there has been a buyer. And for every incremental pip that might come now that/those holders are going to make rather large bucks. Ask yourself, is that accumulator buying to lose money? I think not.
I'm deep in the red like most here. I'm holding because I may be naive. If the company is going to the wall what would be the point of accumulating? To get a majority stake so as to acquire the IP? That's over a billion shares and I don't think that many have traded over the last few months. So maybe it's a savvy investor/investment company. A Top 20 Holders would be interesting of anyone has the means.
I won't wish best of luck because I think the game's rigged against luck, with algo trading, bots, mysterious queue jumping trades, single digit trades and Broker trades that split the regular bid/offer prices. But I do hope the bottom has passed and all holders get closer to their investment goal.
IMHO And as I type another 10 mil change hands, with some trades at 0.0075 . hmmm
Muttley
ADO Price at posting:
0.7¢ Sentiment: Hold Disclosure: Held
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