"The market has spoken and completely unimpressed"
I'm not sure that is entirely true.
It IS true to say that no investment funds or shareholders have been attracted to the story HOWEVER given that less than 470,000 shares have been traded since the announcement no-one is bailing out either.
I think it is far more accurate to say that people are still sitting on their hands awaiting progress, but you cannot genuinely argue that the market has spoken. I can see NO evidence whatsoever that people are heading for the exits.
Finally, given that so much stock is tied up in the hands of the very few, it is very clear they remain supporters otherwise we would have seen an absolute deluge of selling if the market truly "had spoken".
PS: I am not trying to be smart...I am just responding sincerely and sharing my observations....
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Buyers (Bids)
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4 | 35966 | 1.470 |
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Price($) | Vol. | No. |
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1.480 | 68466 | 4 |
1.485 | 24769 | 2 |
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