@waeyap01, I agree lower Shares in circulation will translate into a positive at some point. When will it materialize and the quantum of benefit it will bring is difficult to predict and measure.
However, in the meanwhile, decrease in SP is continuing to hurt the share holders.
As for weeding out the weak hands, they can only weed out the ones who are desperate to sell at this price the rest will hold and dump at the price they think is right. If the SP doesn't go up overnight (i.e., due to a good hit) and starts crawling up at a slow pace, then we will see a lot of people offloading at different price points. Some here are so done with this stock that they will be more than happy to just get their money back.
As for the CR in the future, hopefully we won't get there soon. That is the only positive that is keeping a lot of shareholders invested for now.
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Open | High | Low | Value | Volume |
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---|---|---|
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8 | 973715 | 0.012 |
5 | 2088908 | 0.011 |
9 | 2444792 | 0.010 |
14 | 5813467 | 0.009 |
Price($) | Vol. | No. |
---|---|---|
0.014 | 959974 | 6 |
0.015 | 3380355 | 8 |
0.016 | 4632757 | 9 |
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