But there is an awful lot of "get-out-at-any-price" overhead in this.
The pre-suspension price was pretty much a result of the market's preparation for an immenent colapse...this is no longer an issue, so arguably, the price should rise?...right?
Maybe not?
The problem as I see it is one of shear numbers of shares...and in particular, the percentage of people likely to want to be finally free of this thing once and for all!
Then of course there are the recent "financiers"...some of whom will no-doubt be looking to get some of their money back at the first sign of a decent rise.
Given it's low price, it is not hard for quite a few holders to be in possession of holdings in the 10-20m share range...a little difficult unfortunately to sell without killing the depth?
In light of this, it could be days (or weeks) before many of those needing out can do so...as such, .003 is very possible in the short term.
Unfortunately, any news might be wasted on the market at this point, so it may be a little while before anything of substance is released?
In spite of this assessment however, I am expecting it to eventually crawl back up a few points to a level where the market cap is commensurate with a potential "turnaround story"...such valuations however rarely happen overnight and LIO will need to prove themselves every step of the way!
Cheers!
LIO Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
