Post by
MoodyTrader on Jun 25, 2018 1:30pm
This thing has 242 million shares
can you imagine what it would take to get it to move to the .20s aside from a miracle.
Comment by
WilliamWould on Jun 25, 2018 1:35pm
Kidding me? Most potstocks/large resource stocks have 300+ million. Market cap is still under fridays contract. Not a concern.
Comment by
ggrellette on Jun 25, 2018 2:27pm
Looking at the outstanding share count can limit your buying do to so many companies carrying a large float. However just dismissing it is not prudent. Companies with more than 100 million shares outstanding are always suspect for RSS should the financing dry up or the balance sheet becomes out of whack and to bring it back to a level of confidence a RSS is used.
Comment by
WilliamWould on Jun 25, 2018 2:37pm
If you're not an investor move on, seems to me the market has interest here.
Comment by
Montrose9 on Jun 25, 2018 3:51pm
INT had over a third of a billion shares and it went over 3 dollars on sentiment alone all the way from under a dime. That stock was worthless but lets stick to asset value and forget the dummy posts. I say again why would managemnet have set the conversion price of the warrants at over a dollar