Problem is, the market doesn't believe him.
Take the SPXO listing at lunch time today:
Now, suppose the goat was to resurrect these things from the dead in the next 6 weeks, and we define in-the-money as only break-even - that is 2.5 cents.
In the first 3 rows of offers at lunch time today, there was the "opportunity" to outlay $110k, for a return of $1.25m in 6 weeks. Yes, better than a 10-bagger in 6 weeks, or 10,000% annualised.:
Taking away the fact that there were 0 (zero) bids for this "opportunity" at the time, at the end of the day there were only 5 trades went through worth a total of $1250 - an average of $250 each.
This should be money for jam - the easiest $mill anybody ever made with nobody bidding against you.
Now, I assume the 5 trades that were executed were you, PRD, CJTJ, Fiendy and Lizzy...... all with appropriately sized wagers.
However, nobody else in the world believes him. Not even his big-time potential investors, otherwise they would have been all over this like a rash.
There was no competition in the bid, and still nobody dared, not even the most avid faithers.
Half the country bought a Powerball ticket today, but still wouldn't touch SPXO.
This is very telling, and indicates the kind of credibility the guy has remaining IMHO.
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Last
0.9¢ |
Change
0.001(12.5%) |
Mkt cap ! $38.92M |
Open | High | Low | Value | Volume |
0.9¢ | 1.0¢ | 0.9¢ | $69.85K | 7.740M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 1790775 | 0.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.0¢ | 6363666 | 20 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 1790775 | 0.009 |
9 | 3525420 | 0.008 |
13 | 11618083 | 0.007 |
22 | 11234131 | 0.006 |
11 | 9050000 | 0.005 |
Price($) | Vol. | No. |
---|---|---|
0.010 | 6363666 | 20 |
0.011 | 5367750 | 10 |
0.012 | 4882829 | 8 |
0.013 | 801363 | 5 |
0.014 | 1910000 | 4 |
Last trade - 14.05pm 23/07/2024 (20 minute delay) ? |
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