Approximate share structure (based on the March 31 8-K).......
16.26M outstanding 4.39M float
I picked up another 100K shares over the last week in the sub-10 to 11 cents range. Currently holding a 551K position at a cost basis under 13.6 cents per share.
ADMG is still relatively under-the-radar in the shell/RM investment world, so I am viewing this period of time as an accumulation opportunity. The share structure on this shell should provide potential for interesting upside from around this price/valuation area. Although the market has been rough, there are still shells/RMs happening out there where the legacy shares are seeing valuations in the $5-15+M range.
So I think ADMG should be capable of that kind of potential/valuation. Absent any extremely negative change in ADMG's legacy share structure I will be disappointed if ADMG doesn't see prices over the 30-cent level at some point.