OwnershipUpdate on ownership
Management & board - 12%
HNW Investors - 48%
Institutional - 18%
Total 77%
Leaves only 23%.
Let's assume that half of those are in "strong hands" - long term holders such as myself and it seems quite a few of the people on this bullboard.
That leaves approximately 12% on the open market for daily trading.
12% of total outstanding shares = (135,000,000 X .12) = 16,200,000.
Not alot of shares available & you can see how this can move the price signifigantly in a short period of time. Also consider that more institutional investors seem to be taking an interest and may reduce this further.