Adcore Inc T.ADCO

Endless supply

[Maggs]

It certainly seems pretty clear that the supply of sellers seems to be never ending? Why?
I have other stocks in Canada that are doing fine. This company has a very small float, seems to be doing pretty well and yet it keeps getting pummeled with selling. Who is selling and why? Serious question.

[kaykay22222]

I think we have very some very unpatient investors. This week saw nice volume of 400k shares and we are up 4.5%. We touched daily 50MA at 1.23 but couldn't break it. If volume stays like this, selling will eventually stop and price will go up.

[Torontojay]

My only issue with the company is why they decided to issue shares when they could have chosen debt rather than equity. I'm not sure if the money is for future acquisitions although they did not mention this in the news report. If it is to support Amphy then why issue equity if the company is currently cash flow positive? As a rational investor, this part does not make sense to me. Do they

[kaykay22222]

I think the offering was just a rookie mistake. I wouldn't read too much into that. Sadly the stock wanted to break out at $1.80 before the offering. Don't really think they want to do M&As. They seem to be confident to be innovative internally.

[Maggs]

Really weird week with Omri bidding up the stock in the morning @ $1.23 on the 31st and buying stock on the open market at those higher prices. I really did not know what to make of that. It was immediately sold hard obviously and went right back down. His personal wealth has really taken a hit from that financing and I get the feeling he is pretty frustrated by the way things played out. Whether

[Torontojay]

Good catch. This move on his part looks to be intentional to bid up the price. He must be frustrated by the recent drop in share price.