To Hopefull123, you're not a beliver! As I can see Hopefull you are not a believer when you have just listed arguments in favor of buying this title.
1) a big contract
2) there are very few shares and even if the number doubled there would still be very few.
3) If the people who could buy cheap shares and options could buy them too and the total is 22 million then there are not many.
4) A contract like the one at l¸a pays $2 per share which is huge and almost as much as the value of the stock itself.
5) Usually the % profit is around 20%. Let's say 8 Million per year of profit, divided by 22 Million shares we arrive at 0.37 cents per share of profit. Knowing that in this kind of industry the value of the share is between 10 and 20 times the profits and sometimes more, one can think that the share should be worth between $3.70 and $7.40.
How can one not be interested in this stock and want the price to go down.
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