I accumulated a fairly large position in the ADMG shell today in the 12-20 cent range (cost basis is a little over 17 cents). Reasonably nice share structure, basically clean from a debt standpoint, and not followed by many investors. Risk/reward looks pretty attractive to me around this 20-cent area.
Given the types of high valuations ($10-20+M) that the current market environment is putting on a number of shells, it would not seem unreasonable to think ADMG has a decent chance of seeing share prices well over 50 cents.
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