Sona Nanotech Inc C.SONA

You Need Profit Takers

[dart321]

to keep the trading smooth and you need shorts to see those gaps up. I suspect we will see a strong gap up when the short give up.

[bluebeard123]

Also need more share float. Can do a 5 to 1 share split when it goes over $10. This will give more liquidity. More people can buy in, SP will go up and there will be less volatility

[ERStewart]

5 to 1 share split, does that mean what I think it means, cause I'm alredy loosing my biscuits over here!!

[danjones20000]

how do you even know a share split is coming????

[bluebeard123]

The company has not said that there will be a share split. It was me who said that there would be more liquidity if the company did a 5 to 1 share split. There would be more share float with more ownership. This can result in more trading volume, higher share price and less volatility.

[Hightide22]

Do we want that? or do we want the small # of shares as it stands and the share price to continue to explode based on that.   

[bluebeard123]

Yes would rather have more share float from a share split. You get more trading volume with much less volatility. High volatility is not great for you unless you are a day trader. You will still see share price take off.

[dart321]

doesn't matter profit margins are still the same. All the diluted float helps are the hedge funds. They will be able to push it around at will. With a small tight float the could get hurt real bad.

[datawork]

i agree completely bluebeard bigger float makes it very hard for the shorts to maniulate the stock price. Though it sure is nice owning stock with an sp of $500 :)

[Hightide22]

My thoughts are that with a tight small share float and if insides own 24% or thereabouts price can skyrocket very quickly with positive NR's which we all know are forthcoming. Ether way the end goal is we want a way higher share price and we should get that sooner rather than later.