This is the cost of not reverse splitting your stock. It sounds all good and boisterous for the company to tell the naive pink sheet investors "we are not reverse splitting our stock", but when it comes down to real dollars, even naive pink sheet investors can be put off by the bid/ask spread of 25-33%!
And so, with just over half the trading day over, not a single trade so far today!!!
The only "positive" of having such a spread is that when a stock is at bid 3 ask 4 like this one is, that a trade at the ask that follows a trade at the bid is naively said to be an increase, as in "we just rose by 33%, this is looking great". This, even though intelligent investors know, the stock price has not moved. Look for these type of posts, there will be more of them to come!
THIS IS EMAX!!!
P.S. Any word on the dividends folks? Emax has been strangely silent on them for a couple of months now! Do they think shareholders will forget what is due them?? Is 8 years, 1 month not long enough to wait???
