Puzzle Gents
Entertainment value aside, Bboy does make a good point. Majority insiders have held this stock for a considerable length of time. I think the most of us could agree that over the past ten years or so the performance of ADK has been lackluster at best. (don't forget, there has been a pp or significant financing required every year in order to keep ADK going, as well as a RS)
Fact: The market does not lie. Despite speculation ADK is currently worth .16ish (oh i see we are now on sale for .14) not $1.00.
Retail investment owns the majority of shares.
Dundee, Renaud family, and others with a large position continue to hold.
Puzzle: Why have these large investors continued to participate? I have a hard time believing it is because they believe in the vision of ADK, or the promises of a CEO who has consistantly under performed.
IMO with the last NR, (which is probably the best one I have read, and yes BBoy I have read all of them) sp should have increased, and maintained a new level.
I don't pretend to know what mechanism is in play here, but I do recognize that there is something with this stock that is not as it appears.
I will state the obvious, sp would benifit greatly from instutional investment, what is being done to address this issue? We know the answer... nothing. The question then becomes why is nothing being done? (If you think efforts have been made, please direct me to the analyst now covering and the other institutional investors that have purchased.)