Omni Commerce Corp CCTXF

RE:RE:RE:9 million float?????

[ctblizzard]

Well I think you made a valid point. But you have to keep in mind that 9 million is a group of winded shares where most of the selling came out and the price hit all time lows.  400-500k or so of those traded out on the way up at least (the mid day sell down).

The 7 million off lock up is at 7.5? cents (private placement) and the warrant shares (another 7 million are at 10 cents.  

With the stock up substantially from those levels 2/3 of the O/S could have gains of a  size where people would take profits. That is a large percentage. 

I do agree a bit bigger float allows more players to come in and would be better over the long run as a plan comes together but in the short term this thing is running hard because if people want in they have to pay for the scarce stock.

What Keir needs to do here is keep up the chain of news and announcements over the next month. Give people confidence to hold the shares, at least some of them as new buyers come in.

With the current amount of management stock also being diluted by the offering this has to get to be a dollar to multi-dollar stock to make a difference financially to them as well.