My father taught me that there are "strong hands"...those with holding power who have a bigger picture view and "weak hands"...those that are in the game for a quick buck and are easily fazed.
Since January, 1.7b units have traded, mostly at 0.001. That represents 37% of the total market cap. Yep, 37%. And the large majority of that has been at 0.001.
Right now, there are 435m shares available at 0.002. That represents 9.2% of the market cap. These guys are clearly the weak hands.
This means that there has been a whopping 1.3bn shares picked up at 0.001 that is not for sale at 0.002. These guys are strong hands. Will the sell at 0.003 (currently 67m), 0.004 (currently 13m)? I doubt it.
Now, for the price to move ahead, we need the weak hands taken out. A lazy $870,000 will see them gone.
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