RE: 1mill offered at 6¢ why?many reasons for the large offer to sell...
1. There has not been a lot of liquidity in this stock for a while so sellers have an opportunity right now to sell
2. People bought over a million shares this morning(!!!) between 4-5 and are trying to flip it for a huge % gain in a day
3. The computers that are on the bid and ask quickly put on orders and if filled continue to trade...if not filled they exit -- so the "real sellers" at 6 may be much less if computers were not here
All that said -- 1m shares at 6 cents is a joke...we are talking about $60k to clean the entire ask up....so the number of shares is big but the actual dollar amount is miniscule.
I would expect that as FUT starts to hit the radar of more than the 6 investors that have been here for some time we will see larger volumes and higher prices -- and this is and will be driven off of the fundamentals of the business that have been improving significantly (see previous posts)