Harold
True, the sp has reached $12 bucks, but when you calculate 177m shares @ $12 = market cap $2,141,700.
Now we have 217m shares. x $10 = market cap $2,170,000. At the time of $12 there was approx $200m in the kitty. So at $10 today is approx same as $12 24/7/09.
Then to add, the market as of today is telling us that there is not to many willing buyers over $7.70.
I think you would be supprised how many of the big enders would be happy to dump 10 to 20 mil shares a $10 in one hit that they bought pre $5 a couple of years ago.
Just my opinion
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Last
$1.53 |
Change
-0.075(4.67%) |
Mkt cap ! $1.192B |
Open | High | Low | Value | Volume |
$1.56 | $1.57 | $1.52 | $12.45M | 8.079M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 350 | $1.53 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.54 | 57889 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 350 | 1.530 |
2 | 4967 | 1.525 |
10 | 195135 | 1.520 |
8 | 71697 | 1.515 |
9 | 67024 | 1.510 |
Price($) | Vol. | No. |
---|---|---|
1.535 | 57889 | 3 |
1.540 | 12124 | 2 |
1.545 | 72320 | 3 |
1.550 | 171112 | 5 |
1.555 | 39970 | 2 |
Last trade - 16.10pm 09/10/2024 (20 minute delay) ? |
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