"Buy side building nicely"??????
There are 20m odd on the buy side....of these -
- 4m are props under 1c (or maybe they can tell the future?) - 20% approx
- 9m are under 4c - 40% approx
- 6m are 4.1c-4.5c - 20% approx
and the sell has 38m lined up!!!!
That's an awful spread......basically you have 2m buyers that would support the price as opposed to 38m liquidators!
How Low Can EM1 Go, page-175
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