Most brokerage houses canned the asfx shares, and will show the new shares asfxd in trading accounts on 3/23, so I imagine about 99% of all traders have been unable to trade so far, and will be back in action tomorrow. I am sure that others can speak to your question better than I, but the key to me is not the pps, but the very low number of shares availale for trading now, creating demand. Think of it this way; if the share price was $1, you could buy controlling interest in the company (51%) for $12.5 MM. A drip of sweat off the nose of many companies who might want to do just that. This is pretty exciting. Also consider the fact that trading volume has been extremely low, which means that many very large shareholders are holding, and have held for a long time, patiently.
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