The Penny sellers At 4.5 cents, there are 18 sell orders which combined amount to 837,000 shares ....about $45,000 in total share value .
The average sell order is $2500 or so.
Nothing wrong with mom or pop or other penny traders buying a few shares at 3 cents and selling at 4.5 cents , eking out $750 or so .
However , it does illustrate that penny stocks can trade at prices unrelated to fundamentals because they are cheap to buy .
Its been my view here that we need to consolidate our shares on a 1 for 5 or so .
This will remove the drag of penny traders and more align the share price with fundamental value.
Firefly did a 1 for 15 and its market cap went up...