Tomorrow the grey market starts to accept the sale of FASC shares, and it will line up buyers. I expect some considerable trading--but at the beginning of a steeply declining price. I think the second and third days--Thursday and Friday will show the liquidity drying up--with continuing decline. The intangible will be how many want to hold, versus how many will want to get anything they can for their shares. The consensus opinion is that with most stocks in this situation, their is a brief "honeymoon" of trading--followed in most cases by a move toward illiquidity and no more buyers or trading.I think FASC will fit into this trend as it was already very illiquid--and traded as low as .006 on several occasions.
The above is what I believe (right or wrong) is the way the market will react to FASC. Now, I personally think we will see a decimal, followed by three zeros and then a figure of .0002 to .0009. And this by Monday.
My scenario is but one opinion. Others of you may have a very different one. But one thing we all have in common. What do we do--buy, sell or hold? Very stressful situation. We have had a lot of realistic advice--much we didn't want to hear--to help us decide. Tomorrow is a watch day for me. - Dave
AI
