Yea exactly, no doubt ZZZZZ....
"With the way this thing trades we could be at a dime on a half a mil of volume LOL" --> Yea exactly, no doubt..
OR we could see HK 329 down to HKD$0.10/share, down almost 6% on half a mil of volume, when the HK 329 trades with 1.9B shares!
So the market cap of the company moved down 6% (several hundred million dollars on the balance sheet allegedly) because about 500k shares sold last night on the Hang Seng for HKD$0.10, that is USD$0.0128 * 500k shares ==> $6,400 !!! ? !!
REALLY?!! WTF is going on with this picture folks?!
If you have about six grand you can toy with the market cap of a nearly 'billion dollar company'! LOL
My thoughts --> something is amiss, EITHER the company in fact does NOT have hundreds of millions on the balance sheet and this whole thing is a scam (which I do NOT think is the case)
OR
the market is SO FOOLISH right now that traders are allowing this ridiculous opportunity for value slip past them day after day by not snapping up millions of shares for a company trading at half of its book value. This knightmare almost is akin to Bank of America (BAC); trading at Waaaayyy UNDER book value right now, its a head scratcher, I mean, what the &$^! are traders thinking right now with such low volume? Is capturing back a few invested dollars really so important to them at this moment to realize a big loss only so as to exchange the shares for that cash but at such a cost as to wipe away their potential to see huge gains if ever the company gives this market a reason to own the stock, in which case IMO the stock moves back quickly (possibly on one day 70% up move on hundreds of millions of shares traded) to close or above book value?!
Its crazy in my mind, so I will just wait and check back next year.
toodles
GLTA!
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