Superdow: Just one question. How many shares are in the float? of 50 million issued?
I know there are 14.4 million with NPEC holdings.
I think there are 30.0 apx. insiders holdings.
That is 44.4 million so it would seem that the float is only
6, 7, 8, million of shares for trading?
How can we have in 16 trading days a total volume of 17,241,200 trades?
1/2 of that is 8.5 million or the total float. from .43 cents down to .20
cents. is that not a little strange for this size of a company? I have looked
at 4 other firms with 50 million and they do about 30% of that volume in
16 trading days. yet in 25 days of trade we have 20,839,500 and that would
be 10,400,000 if we use 1/2 of the trades in a swap.
Come on someone tell me why! Flippers? On June 4, we were at a low of .25
and from that day we have traded in a range of .28 to .37 for 10,042,900
trades and under .28 to .20 was 3,576,600 so the point is are there shorts
who are in the top range waiting for the drop to cover the .28 to .37
range? if so why would the issue move up on Friday of all days? to close
at the range of the past avg.? of .28 hmmmmm sompin is not right with my
new looking glass that I picked up. |
