Greetings Michael, we are seeing around 8,000,000 shares being reported via Harry's "Lurkers Corner" and if that is correct it represents something like a gigantic 73% of the 11,000,000 in long hands.
Now lets say for whatever reason that the "Lurkers Corner" is really only 6,000,000 shares which would still represent a commanding 55% in long hands. In either case it is beyond large.
Here I have to become realistic and say the somewhat along the line some of these shares are going to trade. If for no other reason then for an investor to sell some of their holdings to get back their original investment plus some kind of profit. And I must admit that I will most likely do that when FNTN rises to around $6-$8. Just as an example, say someone bought 20,000 shares, 10,000 at 0.50 and 10,000 at $1.00. If the price got to $6.00 they would only need to sell 3,100 shares to re-capture their whole investment plus a 20% profit with a net result of have no investment and approximately $3,000 in the bank and retaining 17,000 shares. When the stock gets to $8.00 they would only need to sell 2,300 shares instead of 3,100 to get the same net effect. So enough already on the profit taking lesson. The point is this will make available shares to the market place that are not there now.
This happen to me one time in my twenty-eight years of trading. About 20 years ago I got into a situation almost identical to what is perceive of FNTN at the moment, out of that situation and with only an investment of $2,600 I realized a net gain of almost $80,000 big, big money back them. That company has since be taken over by a large oil company. And I know that many on this thread have either been there or know of someone who has. It does not happen very often but it sure is fun when it happens and you are part of the team.
Weird, maybe, but it appears to be happening. Michael this is not hype just something I have experienced first hand. Lord is festive to be there again. As Tomato Man might say "I am getting excited all over again, please get out the big diapers"
Best regards,
Bill Fortune III
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