Hey, hope you are well.
You know my approach to investing. Negative Nancy from the gitgo.
ADNY shows a steady but light volume of trading. I don't see where it has ever traded over $10,000 a day, which is well below my personal interest, but at least isn't overly volatile. It's in a speculative business and has a significant working capital deficit according to its latest 10Q, which was filed late....and beyond the 5 day grace period. There's a going concern issue.
Here's the thing. I don't know enough, after 30 minutes, to express an opinion. Most of the above negatives can be found in a large percentage of the pennies. On the other hand, nothing jumped out at me as an extremely strong positive.
If I was 30, I'd pick 4-5 of these and make them 10-20% of my portfolio, discarding and replacing any that dropped more than 20% as time went on. They don't have enough history to call them "investments", but I'm constantly reminded that they're "speculative" and "high risk, high return".....
Don't let my Black Cloud deter you.
Good Luck.
Whatever it is, I'm against it............Groucho
