Khris, This might answer the question of the float of CULE.....
If this is true, this stock will move like a rocket on news....Watch out!
From the CULE thread
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Report on the float
The "float" was reported by one party (board poster) who talked to the President said that there was only 200,000 - 400,000 in the "float". The shares that change hands that are NOT restricted, of the 12,000,000 sh outstanding.
So, if 973,000 shares changed hands this week, the "shorters", usually market makers who sell and wait for a drop to cover, must have sold short a lot of this volume this week. On a positive note: the stock did not fail! Hopefully the short position is 400,000 - 500,000 shares. There is no way to know for sure, because the market makers do not disclose their positions held in house.
My guess is that they will get squeezed if the buyers keep coming in as we have all seen before in stocks that are $1.00 one day and $5.00 - $9.00 a few days later.
Hang tough. Wait for the BIG move. It feels close. Very close. Maybe Mon or Tuesday.
Please do not sell and let these shorts cover. Let them chase the stock to $5.00. If noone sells the stock will move up very fast!
IMO Target $3.00 then $5.00 or higher. Eventually $10.00+ IN THIS ENVIRONMENT.
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