Hello Tony.
You say, “Looks like we may hit lows’ not seen since 2008.” I don’t understand why you picked those years. Is it because you don’t have a source of trading data, giving you the actual Highs and Lows for those years?
For the five years, 2008 through 2012, Fancamp’s trading range was the $3.15 High of 5 March 2008 to the $0.115 Lows of 6 December 2012 and 7 December 2012. Naturally, going below the 11.5 cents Low of those years is no longer a dreaded possibility. Of course, it is an event that has already taken place.
So far as last year and this year, the trading range has been the $0.155 High of 2 January 2013 to the $0.04 Lows reached on the five days of 26 September 2013 and 27 September 2013 and 30 September 2014 and 2 October 2014 and 6 October 2014.
Of course, going below 4 cents would be troubling. But I don’t understand what that has to do with the trading going back to 2008, especially the trading of 2008 through 2012 (when the Low was 11.5 cents).
Even looking at only this week, almost all the shares overhanging the market at 5 cents are no longer there (because of recent Buying and Selling). So, naturally, they’re no longer preventing FNC from trading above the 5 cents Close of yesterday. While this is good, I haven’t heard of anybody jumping for joy. Nonetheless, in light of the cleared-out overhang, why are you concerned about going lower?
Is there something immediate and pressing? Or, are you just letting us know how discontented you are? If so, join the club.
Indeed, there is a club. Two and a half years ago there were more than double the number of people responding to postings on this Message Hub compared to recently. At that time of greater interest and greater activity and greater participation, the Fancamp Message Hub Contributors and other interested parties (holding, in total, approximately 30 million shares) created an informal group. We named it “Shareholders for Accountability at Fancamp.”
