Looks like MNM is in danger of running out of buyers.....only 9 of 'em left, and only 5 at remotely sensible prices.
Penny dreadful stocks tend to go through several stages during their decline; often the BUY side volume remains much bigger than the sell, but at silly bid prices. This situation can persist for quite a long time with few actual sales going through, and a general lack of interest in the market. Judging by the BUY/SELL stacks for MNM, Mantle has recently gone past this stage.....nobody can even be bothered putting in large multimillion bids on the BUY side anymore that are miles out of the money.
Mind you, I wouldn't be surprised to see a certain poster do exactly that if he reads this post...lol
MNM Price at posting:
1.0¢ Sentiment: None Disclosure: Not Held
