Adamind trading at less than cash

These surveys make me laugh.

Everyone knows what everyone else is thinking - it is the equivalent of a game of chicken.

If you all say "I will sell at 40p" then I will sure as hell sell at 39p
;-)

It's all good fun but lets remember that we are all profit maximising indivduals. We know that, the MM's know that and the ADA board know that. In fact the ADA board could do will a lesson it how to profit maximise.

They seem at least to know what they are doing and I imagine, their own wealth is correlated with getting a good offer price for ADA.

As shareholders we need to ensure that all offers are considered. Management will often scupper any deal to protect their own backs as new owners often get rid of a lot of dead and dying wood.

I suspect 40-50p would be a high enough offer to take ADA out.

This would be a shame in many respects but one must ask why the share moved so little today - the city obviously have a good idea of fair value or do not expect a deal to go through.

Interesting times