Because there are very few shareholders here.
There aren't more than 50 shareholders, in all likelihood. Some of the big holders may never sell, like the one group who sold a bunch right before the BK announcement. They still have 800,000 shares or so, and they made a bid for the company. Another big holder, Broadbill, who filed some objections in court, have just under 500,000 shares. Maybe they sold over the last few days. Maybe not.
Any big holder has had many months to take their losses. There may be a few stragglers who end up selling, but they should be offset my short sellers.
Stock prices are a strange thing. How can AAMRQ trade at 35 cents 12 months ago, and $2 two months ago, and now be over $12? How can FNMA trade at 25 cents less than a year ago, and now trade at over 10 times that?
I had a stock two years ago that was in BK and involved i a big dispute with their main licensor. Their dispute went to trial and then the verdict was rendered on December 29th of 2011. Nobody even knew about the verdict until the 31st, the last day of trading before the end of the year. That is when I, and one or two other people found out that the verdict was on the Judge's site. The price that day went from 6 cents and closed at 15 cents, but there was a whole day and a half where you could have had all you wanted at 6 or 7 cents. The next day of trading, following the weekend, had the shares close at over 35 cents. But even then, I was able to wake up early and buy more at 20 cents right at the bell, before any official announcement hit the wires.
Take a look at that situation. The stock was KIDEQ. The ticker for that company is now FOUR, but shareholders maintained 100 percent of the company. Read up on it. You will make a lot of money of FOUR if you buy now. The price has somehow gone sideways for 23 months, but they have a settlement coming from the Lehman BK estate within the next 6 months, and when that comes in the price will rocket.
FOUR is a great investment play. I mess around with these spec plays, but my main INVESTMENT is in FOUR,and I have had that since April of 2011, when it still traded as KIDEQ. It changed FOUR in early 2013.
Google 4Kids Entertainment TV Tokyo and you will see how you might retire when this finally plays out. The company is now called 4Licensing. YOu can buy all the shares you want in FOUR and you will make a lot of money relatively soon.
There is a usually a big spread on the bid and ask, as there are not a lot of shares being sold. Insiders have never sold.
