Your guess on the numbers, volume and average price does not support what you think. The volume is about half versus 2007, and the price is almost 50% lower.
It supports my analysis, not that it is correct, but investors are selling and the average price is well below prior years.
Following is a synopsis of the past 4 years plus YTD data. In the last 17 months the price has averaged $.102 a substantial reduction from the average in 2009, approx 30%.
| Year |
Vol |
Dollars |
Avg Price |
| |
|
|
|
| 2007 |
90,306,000 |
$16,591,871 |
$0.18 |
| 2008 |
60,998,000 |
$7,406,919 |
$0.12 |
| 2009 |
54,869,800 |
$8,342,916 |
$0.15 |
| 2010 |
41,290,400 |
$4,325,279 |
$0.105 |
| 2011 |
15,844,400 |
$1,506,951 |
$0.095 |
