I know. I didn't honestly believe they would be in that number.
Romn, .50 shares? Looks like .44-.45 is the going rate now. First time I've checked them in weeks. I wouldn't buy ASMA1s if they were selling for a nickel right now.
Another thing I was thinking about is what really was the driving force behind these splits ASMA1 has had over the last 6 months? Since basically no ducks are even in the vecinity and a possible IPO has been delayed indefinately with so many challenges ahead, why were the splits necessary? When so many tasks have not been completed that should have been know since they started.
My theory is multiple reasons:
1.) Increase liquidity of it. Making it easier to move large batches. Which equals # 2.
2.) Artificially boost the volume numbers. To make it look better. Lets face it, 10,000 ASMA1's traded a day LOOKS better than 5,000 reguardless of having equal value.
3.) Artificially create a sense of urgency causing short term demand. For 'whatever reasons'.
4.) Buys more time. Makes it SEEM like things are happening ''quickly".
5.) Distort perception in order to mask it's declining value. After a split, when it's obviously selling for less, the casual trader dismisses it as basically maintaining the same value over time after splits. But it's not. If you look at the 180 day chart, it spikes briefly at the splits, drops back to half value for a while and begins the slow decline once again. Same is happening now. Slowly but surely it's declining again. When was the last split, June? Hanging around .45 now? Down a nickel in 2 months? At this rate, in another year and half it'll be at 0.00 If ASM (or whatever trader base there is) lasts that long.
Well, here's the next excuse
Linear Mode
