Mcsnacks H Tupack
:
You do know that their market cap is only 27million which means their max share price is 5.70. And people are selling back shares that aren’t worth what they were sold for so someone selling back a 1000 shares at 3.20 drops the share price to 3.00, which is excessive. And they sold 106 million shares so that means once 10 million are sold back the share price will have fallen to less than .20c. So that last 90 million shares are pretty much worthless. Oh and for ever 1000 sold back it will take 2 million being bought to raise the share price .01c
Chris Parker
OP
Mcsnacks H Tupack
:
Thanks for the info much appreciated! I normally trade penny stocks so selling while making a 2.00 increase per share for me is exciting!!
Mcsnacks H Tupack : You do know that their market cap is only 27million which means their max share price is 5.70. And people are selling back shares that aren’t worth what they were sold for so someone selling back a 1000 shares at 3.20 drops the share price to 3.00, which is excessive. And they sold 106 million shares so that means once 10 million are sold back the share price will have fallen to less than .20c. So that last 90 million shares are pretty much worthless. Oh and for ever 1000 sold back it will take 2 million being bought to raise the share price .01c
Chris Parker OP Mcsnacks H Tupack : Thanks for the info much appreciated! I normally trade penny stocks so selling while making a 2.00 increase per share for me is exciting!!![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
70144859 Chris Parker OP : True facts
Spartakus : this might be da day im un