50 Minutes since the gates have opened, and so far only one seller (9500 shares) at $1.00. Although there is pressure on the bid to take the SP to $.99, supply for the time being has been resolute. Gold and the DOW are up modestly, we have a light wind and a seaworthy vessel. It is now up to the stewarts of ADK to hold supply at or above $1 for a favorable direction.
I should note as well, the annual P/E calculation I projected from Q3 numbers yesterday should be 77.7 rather than 13.3 (Thanks JSQ;). Were it any other presidency I would now be clearing my desk enron style - However, as there are at least 5 of us in the forum so far, perhaps there is hope yet I can patch things with a cover-up scandal and no-one will notice? My apologies to any this may have affected, and I will endeavor to post soon with follow-up thoughts for interpreting this and some other industry numbers
Cheers and GLTA,
Chris