GREY:ADAIF - Post by User
Comment by
retep6on Aug 09, 2007 5:32pm
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Post# 13224301
RE: How many
RE: How manyRemember, it's not like the entire placement suddenly hits the market. The bulk of those shares were "pre-sold" to investors who have no intention of suddenly dumping them the minute they become free-trading. At these prices, that would be rather self-defeating. In addition, there is plenty of appetite for ADA, such that even if the entire placement needed to be absorbed by the market, it would be a temporary setback at worst. In fact, ADA has traded over 100 million shares so far this year, including over 15 million in the past month alone.
GL