the volume here is almost NIL; we cannot value the company on trades if there are no trades
I am tapped out, I sold other shares to buy more at 7.4 cents, then I raided my cash savings to buy more at 6.7 cents
I hope we can find the odd long term investor with $15k or $20k who says 'oh, at 6.4 cents, this is a bargain'; I really am befuddled why there are no buyers; because the volume is so low, a couple of buyers can buy up and get us off this bottom
I am sticking by my belief we are trading at asset value of the company and no value on the share price for ongoing sales and contracts. One could argue that the sales and contracts are too small to support the running costs and we deserve to slowly go backwards. Or one could argue they will not buy shares until the sales and contracts are proven to support the running of the business.
Anyway, I have made my buys for me based on my thinking; and others make their buys (or non buys) and sells based on their thinking
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