many posters ask why cdy cannot rally out of the low 3c range. To me it is cdy paying the price for having to issue a ton, I mean 300m odd options around 3.4c a few years ago when it was desperate for cash. No one can blame them because they had to face grim choices at the time. The price for that grim choice back then is a huge over-hang of stock until October 2016. Markets being what they are and if cdy continues to deliver big time might see them through the hump in a big way , say with the shares trading at 5c+. In that case cdy gets 300m*3.4c ie $10.2m in October 2016, is the well funded and the options saga is behind it. Happy days. The alternative, is the October 2016 date just gets closer and closer and the obvious question gets asked " why buy cdy at 3.4c omn market when 300m of them may appear soon- its finance 101- supply and demand.
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Open | High | Low | Value | Volume |
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Buyers (Bids)
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---|---|---|
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View Market Depth
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2 | 2409444 | 0.008 |
4 | 2024675 | 0.007 |
4 | 1006527 | 0.006 |
2 | 900000 | 0.005 |
2 | 525000 | 0.004 |
Price($) | Vol. | No. |
---|---|---|
0.009 | 227219 | 1 |
0.010 | 100000 | 1 |
0.011 | 100000 | 1 |
0.012 | 200000 | 1 |
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