ADIRA ENERGY LTD V.ADL

ADL - now bidding .015 /ask .02

[JDTRADER888]

Short covering here at the bottom.Dundee still holding on their shares,maybe there is some good news coming...atb

[tooez1]

That's one interpretation...shouldn't short covering raise the price? UBS that made large purchases awhile back is the large seller today. Whatever its strategy was before seems to have evaporated. The upcoming rollback with declining oil prices seems to have put a damper on ADL's future, at least, at this point. Likely no one else will pick up its licenses so there is still a

[JDTRADER888]

Could there be a new financing deal in the works...It sure looks that way. Many here thought buying under a nickle was a good bet.Who knows what the UBS and other traders were thinking ,but the large Dundee buy at a nickle had me thinking there was some progress being made on the drilling date.

[tooez1]

Dundee bought a cross from a fund and no purchase price was stated. 5 cents for 120,000 shares in a PP is all ADL has received. Lights are still on but nothing revealed about the future.... one somewhat bright spot is that management is hanging around trying to keep the listing. Hopefully it sees something positive coming soon.