You appear to be on the right track. This Board and stock have followed the pattern of a classix pump & dump. No activity or updates for years, and then all of sudden there is a rash of posts on IHUB, including PM's to many posters claiming a huge influx of $$$$ and investors will be coming into the stock (this was supposed to happen last Monday-Tuesday), and then this Board comes to life out of the blue?
Sure the PPS of ADST spiked up hard on Monday and into Tuesday, but that appeared to be more due to the unsupported hype and pumping, as opposed to any concrete developments or fundamentals.
No, IMO you are on the right track here. This appears to quite possibly be a classic P&D deal. I would be very careful with this one.