Hi Guys,
Bought 6k shares at an average price of 56.2, sold at .69. I am not greedy and don't have the time to watch the stock. I placed an order to sell at .66, and got them all done at .69 which tells me this stock is going higher. Don't be afraid to take a profit and don't be greedy. Don't worry they will always print more shares.
You have to look at the market cap. 200 mil x .70 makes this company worth 140 million, with sales of 70 thousand or 7 million, it's hard to justify the cap. The email I read pointed out the other networks with less distribution were bought out at big bucks, justifying the cap. What I see that is different with adnn is that adnn has a specific audience of industry specific programing. That's good for selling adds to people who want to reach that audience, but may limit over all viewership.
I see this stock going higher before it goes lower, good luck and remember, what goes up, must come down.....CL
