Numbers!

Just give me the numbers!

As of 19 August, 2008 there were 82,751,515 shares outstanding. As of 30 March, 2008 there were about 929 GERS shareholders. Using these most current numbers available* - The Average Shareholder therefore held 89,076 shares.

In the previous 5 trading days 1,815,130 shares traded hands. If we say people moved "all in" or "all out" - That would have been the loss of over twenty average "tired" investors who decided to sell at these prices - and a gain of over twenty average "eager" investors who decided to buy at these prices. (A Skunk guess might have about 10% total of investors (100) or about 50 buying and 50 selling 36K shares each over the last 5 trading days). The demographics here would be both impossible to get, and very interesting. Number of new investors, number of zero'd accounts, number of current total investors.

This volume has generated a 5 day average of over 363K/shares/day. That is more than 18M shares per day at pre-reverse split 50/1 numbers. Yahoo has a GERS 3 month average volume of just over 160K. The five day average volume has more than doubled. This is certainly the highest volume day this year (Tuesday 591,975) and the highest 5 day volume. Whether this is the final washout, or part of it - time will tell us.

Skunk
*Source 2qPg 1 & p. 36 Annual report 2007