fact of the day

CDS became RES on 10/9/2008

Since then the share price has dropped from 21c to 7.2 on a volume of 43,622,605.

RSD Total shares = 618,313,172

Therefore only 7.1% of available shares have been traded.

A significant amount of these shares would have been recycled in short term trades.

Therefore we have had a drop of 66% in price on less than 7% of shares.

There must be a lot of long term holders.

When the market turns or when we have a significant announcement these <7% of shares will be gobbled up very quickly. The largest day volume was on 7/11/07 when greater than 95 million shares were traded.