Two things.
First, the float is 2 million.
Second, the shares are doubled counted with QTNT stock.
Meaning, today's actual volume was NOT 776,800 as is listed on whatever quote server we are all are looking at.
The ACTUAL volume was 1/2 of that, or 388,400 shares traded today.
Now, if you don't understand this concept and you have real-time quotes. Look tommorrow when a 10,000 trade goes through.
Let's say at the time you watch this the TOTAL volume for QTNT is 200,000. Then a 10,000 buy takes place. I guarantee you the total volume jumps to 220,000 NOT 210,000 as you would expect after a trade of 10,000 shares.
Everyone understand this?
The MM's are double counting your buys/sells in the total volume.
Some OTC:BB stocks are double counted.... some are not.
The only way to tell is to watch what a trade does to the total volume. Does it count a trade once? or twice?
-DavidCG
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