RE: MCap below £6m8 Jan 2016 11:42
Unfortunately Adastra a key support level has given way. The 8p breach means it could revisit 6p mid as previously. The cash-burn continues apace and the magic money tree of a placing is looking less and less feasible. You say 'too cheap', I say uninvestible until the company shows something of note. The quoted spread of this share has been very misleading. Even the current ask of 8.5p is incorrect as there has been only one trade at 8.45p since the 4th of Jan. Haven't checked but I am sure the real ask is 8p or 8.25p. Let's see whether further sells are in the offing after 8p has given way.