GREY:FASDF - Post by User
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tracktimeon May 20, 2016 10:24pm
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Post# 24894544
trading on pink sheets as of today
trading on pink sheets as of todayIt was a very quiet day in terms of FAS, hwever, I did notice that FASDF changed from being quoted as grey market yesterday to trading as pink sheets today.
On the surface this may seem small since there wasn't any activity to speak of stateside today. The thing I would bring up is that with this change it will no be possible for substanitally more US investors to be able to buy the stock whereas in the past it was only available to a limited group that could trade in Canada or that their brokers would allow trading in grey market stocks.
Now what we need to see is a bit more positive news for DFS in terms of regulation and then a coherent plan from the FAS management to market the company and the stock to US investors and US customers of the site.
If you think it thru a little.....if there are 30,000 active site users in the US and management is able to convert 1 in 100 into shareholders that would be 300 new shareholders....if each new shareholder bought an average of 150,000 shares (U$4,000 - U$6,000 roughly depending on entry price) that would be 45 million shares of new buying.....
Talk about a pop in the stock based on that alone....combine that with momentum buyers....Canadians sitting on the sidelines and possible institutional buying you could see 100 milllion shares of buying come into the stock. That would soke up the float and any little bits that come out from the upcoming releases of hold paper.
Remember.....most of the hold paper went to Fantasy Alarm and other insiders who are in this for the long haul so most likely their paper is not going to come out until we are significantly higher and the business is significantly more developed.