there are 3.7mill asks back from the front gate,its a short play or accumulation,reason who knows maybe to try and force asset sales,i think it represents reasonable value but then i thought vpg was reasonable value,at present my loss would be .5 cent ps,its also possible that they are awaiting the usa rescue package to pass,developed nations are trying desperately to shore up commercial asset values,otherwise dramatic liquidity exposure will filter through to domestic real estate,so it all gets down to numbers percentile of actual shares sold at sub 20,and i do mean sold not churned, its like a tightly wound spring,if the big asks are pulled the spring will expand.
interesting they have just taken out the bids,this is an orchestrated assault on the register,so hang in it cannot last forever,these are the cannibals of exchanges the world over.
my ultimate solution would be to buy,out to 17 capital the difficulty there
MOF Price at posting:
15.0¢ Sentiment: Buy Disclosure: Held