DFW,
Certainly, over the years, there have been many a day with little or no trading volume. I really thought that the Flying Glob news might change that for good.
Unfortunately, the market's overall response to the news release, both in terms of price and volume, appears to indicate that not many people really believe the sales figures given in the Flying Glob PR are ever going to happen.
I understand that only a relatively few people are even aware of this company and this stock. I also understand that a decent amount of the people that believe in this company already own millions of shares and may not be inclined to buy more. However, we have seen on a few occasions that there is enough interest to at least push the daily volume into the double digit millions when there is optimism that good things are about to happen for the company. Double digit millions would seem like a fairly low bar for a company with 6 Billion Commons outstanding, but, as you know, it is well over what we typically see.
But even more than the volume, the price really indicates that not many believe we will ever see revenues even close to what the PR (and subsequent filings) estimated we would see. Here we sit at a market cap of about 25 million (based on 6 billion outstanding), or maybe 30 something million (based on fully diluted), when the PR estimated yearly revenues over 100 million. How many companies sell at a small fraction of expected revenues? Apparently, the market does not share these revenue expectations.
