Agreed. As time goes by, average daily volume has plummeted from say 4-5million shares traded per day to 1-1.5million. This speaks volumes, and has created quite a problem for the shorters to cover the remaining 10.5million shares that still need to be returned.
The only reason for Zhaojin extending its offer is to allow an orderly exit. I am hoping once shorts are covered we will see normal trading.
TIE Price at posting:
60.5¢ Sentiment: Buy Disclosure: Held
