Universal Detection Tech (BB) (UDTT)?$0.0003Change:-0.0001 (-25.00%)Volume:25,135,00015:05:18 EDTJun-11-08
<<Outstanding Shares
1,653,206,274 as of Apr 7, 2008
Authorized Shares
20,000,000,000 as of Nov 19, 2007>>
So they still have OVER 18 BILLION shares they can issue? Do you think they will? I do....Rarely have I ever seen a pinkie not use the authorized they have available.....IMO, those 18+ BILLION shares will become part of the float which is not going to be very pretty imo.
What is your opinion?
Also......<<Estimated Market Cap
661,283 as of Jun 10, 2008>>
What happens if/when those $18 BILLION shares become part of the 'market cap' picture? IMO, it will make this look very overvalued and with that many shares, I would think a RS would be in the makings as it is going to be very hard to move up with 20 billion shares out imo.
TIA |
