Gum Tech International (Nasdaq: GUMM)
The Company develops and manufactures specialty chewing gum products for branded and private label customers, as well as products marketed under the Gum Tech brand. The products contain vitamins, herbals and/or active drug ingredients. Gum Tech currently targets four market segments: oral care, smoking cessation, dietary supplement, and over-the-counter (OTC) drug.
5.6 million Float
But it will behave like it has 1.6 million float because
~4 million of the float is held by long term holders who
have extremely high price targets in the long term and have no
plans to sell. The long term share holders have removed their shares from being able to be shorted.
Each time the effective float of 1.6m is recycled the support level rises. As the effective float is recycled there will be shareholders who will simply not sell. Which means the effective float decreases while demand increases.
Regards,
S.W. |
