what is aja future from here, page-5

The logic of the argument that a higher share price will somehow carry "strong potential for increased trading volume" is difficult for me to grasp. I cannot see how this is so unless it is simply the prelude to a capital raising.

Having only 50.8m shares on issue seems unlikely to provide for much liquidity at all - and if the Japanese property prices recover, then a high share price on a small number of shares would tend to undermine traded volume rather than strengthen it. At least at the 35cps, there is some incentive for players to work the minimum spread.