Saturday, September 30, 2017 9:27:35 AM
That 59M is also not a real float for this reason. ---- Many shares of that stated amount are held by people that are not selling anywhere near where this is priced at today. I know by name many of the holders that own this, have owned it for 2 years and are confident in the future this can be several dollars a share when it matures. These holders are carrying, holding, dip buying, and waiting this out with over 20M shares of the 59M float.
The float could be considered more in the 35M range. The threat of major sellers of those holding are very minimal. The held shares are considered investment holdings rather than trading equity.
This is a buy and hold, let the apps garner more users, a few more major updates, major publicity, a broader investor base, and PPS will take care of itself.
Decisions will need to be made at .50 and $1.00, and right now the only decision to make is how many shares to stash back and carry for the next moves up.
IMHO, DD here will give opportunities that investors get very seldom in a lifetime.
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