So I think the action to date is solid Value traded daily is increasing..
lots of small holders seem to be realizing the gains
Who is buying ?
I do not think traders or noise followers ( there is still no press hype or chat room enthusiasm )
look at it the company shares are backed by aprox 10 GCN shares and as done a deal that could be worth what ?? people have suggested on this forum millions and millions ( maybe billions ? )
ozequities says GCN could be worth a $1+
NOW right NOW SSI mkt. cap is what less than $30 million ?
I would guess value buyers are putting the base in place
Why would you trade out of this ??
unless you had a small parcel maybe
And they must be nearly gone ..
If you look at the shareholder structure pre the take off
there were only 500 or so shareholders with small lots
( under 5000 shares)
To all hotcopper holders
keep looking to the to and not the from
mkt. cap is still tiny
I am told when it reaches $50,000,000
A much larger base of potential buyers is possible ( fund mandates etc )
At this stage it does seemed to have moved beyond the Hotcopper members
Nightstalker .. Far too illiquid to trade IMHO.... yes So who is buying ? It would appear to Me long term Value buyers ..
Early stage of that momentum clock I posted on
It is not that illiquid in any case
SSI listed for 18 years ( that IS a solid company ) as only had less than 15,000,000 shares on issue
I am sure if you run some liquidity ratios .. It has not been that bad at all this past two weeks
And the best cure for liquidity IS a rising and higher share price..
Value traded ( a key indicator ) is on the rise..
Only My view ... Saw the questioning
have thrown in my thoughts
motorway
SSI Price at posting:
0.0¢ Sentiment: None Disclosure: Held