to have supply and demand work in your favor, you have to have demand...it's pretty clear that demand is lacking in the case of WNMLA stock, and especially with so many other stocks working very well at this point, i wonder where that demand will come from
i don't know what the rules are for pink sheet companies, but listed companies cannot buy back more than a set percentage (something like 25%) of the average daily volume of their stock, per day...as such, if those rules apply to WNMLA, they might be able to buy 200 or 300 shares a day...forgive me for yawning <g>
take half the float from an already illiquid stock, and many investors will never buy it, no matter the fundamentals, because you can't get out if you need to sell...it already trades with a 4 or 5% spread much of the time, that's bad enough <g>
all of our opinions are worth about what we get paid for them anyway, but agree to disagree is probably the best course...time will tell what the stock does...at least if they did something at all, there would be a little entertainment while we wait to get paid ;) |
