RE:RE:RE:RE:RE:RE:RE:ZENA will never trade below 5 cents (Zenabis Global)it would be interesting to see if it was a non related party that purchased the building selling for 6 million was a terrible decision however desperate people do desperate things and ZENA is deperate for cash
Zaybure wrote: So, using the real estate analogy - if you have a building that you want to sell for $12 million, and there are 1,000 who want to buy it - but don't want to pay $12 million - then the one buyer who buys it for $6 million, means that the building is worth $6 million regardles of many buyers are interested.
In other words, the number who want to buy and sell is irrelevent - it's the one buyer and the one seller who determined the price. And same with a share ask price of .055 cents - doesn't matter if there are 10 0r 100 million shares available at that price, if the only price an interested buyer will pay is .045 cents, like Zena this week - then that's what it's worth.
In your scenario, there is only one buyer at $6M. The other 999 are irrelevant as they are not interested in buying at the ask price. And if that is the case - one buyer at $6M, then that is the price the market has decided.
The same principle applies to Zena. At 10:15 this morning, there were 5M shares at the Bid of .05: meaning if you want to sell at that price there are that many share for you to sell. Also, there were 5M shares at the ASK of .055. If you want to buy, there are that many shares for you at that price.
Now if you had followed this close, last week there were 15M shares at the bid of .05. It's thinning out, meaning lots of sellers showed up to sell out. OTOH, the ask of .055 there were 3M shares last week, now 5M- meaning fewer and fewer buyers and the shares are piling up.
Nobody knows the future BUT if that trend continues, the SP will eventually fall, and you will see trading between Bid .045 and Ask .05.