Yes, of course any stock on the market can go to no bid, it is possible, I agree. Just curious though, what are your thoughts as to the potential number of holders who still own stock after six months of a DTCC 'global lock' and a declining price? Thoughts on number of those who could have sold but still have not versus the number of those who never could but would if the stock were to become once again DTC-eligible?
Thoughts on the likelyhood of holders who can sell at any point in time getting out after the unrealized loss increasing past a certain percentage?
For instance, the last low the stock dropped to during normal trading was .004. How many of the shareholders do you think have a cost basis of .004? At .001 (par) the loss would be 75%. If they have not sold out at 75% loss, if it were to drop to triple zeros (.0005), say, would the increase of the loss from 75% to 88%
trigger those who have an avg cost basis at .004 to then sell because unrealized losses could be considered to be handled at 75% but not at 88%?
I guess, the thought would be, 'yes', IF you happened to assume that at the time of the decision the shareholder had the knowledge that the company was known for certain to be either going bankrupt or had always been a scam. JMHO
Of course, the main illustration here is tied to the likelyhood of a certain number of shareholders having a cost basis at .004 which instead could very well be more like .02 in which case from par to triple zeros the difference in unrealized loss would be more like from 95% losses to 98%. Just guessing but for me personally if I was looking at 95% losses and I was not absolutely certain that the company/stock was a fraud and then saw all of the sudden an increase to the unrealized losses by another 3% up to 98%, it would not IMO cause me to suddenly panic and sell. ;P
Granted, if we all suddenly found out the worst case scenario for shareholders, that the 'company' had always been truly a fraud is no longer in business and the shares are worthless then yes I think if the stock somehow were still trading then you would see mass exodus and the stock would fall into .0000000sss.....quickly but I guess what I am asking is how much you think the change in losses (at this point after six months of constant price declines)
is really having an affect on the decision making of existing holders who have the ability to sell. ;)
... just thinking out loud... thoughts? Truly curious..
GL
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