Monday, June 16, 2008 10:01:24 PM
As I am bored, I took the liberty of running some volume/price analysis for the past 30 trading days.
During the past 30 days we have seen approximately 1,373,909,053 total shares traded. I have been watching the buy vs. sell ratios very closely during this timeframe, and can conservatively/safely say that at least half or 686,954,526.50 of these trades have been buys.
Now, the average daily pps during the past 30 days comes out to be around .000575, which translates into approx. $394,998.85* being spent to buy common shares of Spooz from the period May 5th to June 16th.
* - a general rather than weighted average was used
***Opinion***
I find it irrational that the other approx. 686,954,526.50 shares that were "sold” were totally dispensed with by investors, day-traders, institutions, etc. at such a low price, a price which moved little, if any, during that timeframe.
Therefore, we all know that dilution has and maybe still is occurring, but the overarching question still remains - to what end entirely does has this new, rather vigorous round of dilution serve?
In my humble opinion, all is not as it appears on the surface, hmmm…
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