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Bullrun123 Its because the OS is bloated up to at least 950mil now and the float probably not far behind. Basically they are slowly selling the last of the shares of this DILUTED POS POT STOCK. But never fear they have several satellite company(s) under them that they will spin off into new shells with brand spanking new shares and start the process all over again. MJNA the mothership will end up with a r/s wiping out what was left of your shareholder value while the satellite company(s) will magically get all the revenue one by one creating the illusion of value.
If you haven't been paying attention MJNA is no longer the leader of the pot plays the role shifted to P H o tee. In part due to the diligent efforts of Seeking Alpha self made pot stock guru Alan. Alan fails to mention in any of his articles the massive dilution going on behind the scenes in 99% of the pot plays. It won't matter that they have real products, real sales and real revenues dilution kills everything.
MJNA is big Bloated diluted carcass rotting in the midday sun while the grow light company is only at about middle age in the life cycle of diluted POS pennystocks. They increased their float from 200 to 400 mil in about 6 months in another 6-8 months they could be in the exact position MJNA is at now.Teetering on the border of Zoombie Land with a new lower float play with the promise of a glorious future stealing away the volume trying to push them over the edge.
Thats why MJ is dying 8 months ago it was a stallion now its a bloated dilution pig. PHOT float is about 400mil it still has about 60% of its life left. In a year we might see PHOT FLOAT 800 mil just like MJ is now. It will be a bloated up carcass too. A new leader will emerge and the fat bloated pigs will be slaughtered split up (r/s that is) and we'll be riding on a different bus shouting GO ---- RAH! But right now focus focus on breakout at .06 Go PHOT RAH!
I'd say that is a logical and accurate conclusion that you have reached. GO PHOT RAH! .0599 why would anyone sell just prior to a breakout? so funny Just letting the pressure build.
PHOT with its 10mil vol and MJ with 2 mil vol witness the changing of leadership in the pot stocks. Dilution kills everything, I'll still play the MJ bounces and give it a good kick every time I sell it.
Pretty good sized buys going on in the last hour or so. Traders taking a seat before the breakout at .06. The words out the dilution will be on hold until .12. Green light for rally.
They took the chocolate chip cookies away from the dilution tards and told them they can't have anymore cookies until PHOT hits .12. The tards are shutting down the dilution machine until .12 so they get some more cookies
congratulations to DAGGER21 just got his BOYZCLUB membership this morning. Sup how many more do you need? This is my only post for the day. About 36mil of the 58mil float are now owned by 15 shareholders. Now that Dagger21 is a club member his mission is to go find a new member. Expect the accumulation to continue he has many connections with lots of money.
TA numbers were checked last week here they are compared to the original numbers dating back about 5 years. Original numbers listed first.
Pre Dory numbers
**The total shares outstanding for Homeland Security as of 02-28-2013 are 189,525,065 shares outstanding with 58,409,388 shares free trading and 131,115,677 restricted shares with 250,000,000 shares authorized.
Dory numbers
Outstanding Shares 222,525,065 (33mil increase for Dory)
Restricted (Insiders) 164,115,677
Float 58,409,388
Post Dory Current 9/25/13
AS 250mil
OS 190,525,065 (32 mil decrease from Dory numbers)
Float 58,419,318 (10k increase from Dory numbers
Restricted 132,105,747
Basically the OS increased by 1 mil, the float by 10,000 and restricted by 990,070 from the original pre Dory numbers. They apprear to have set aside 1mil shares from the OS into the restricted with only 10k increase in the float over that last 5 years.
DAGGER21 just got his 2 millionth share of HSCC this morning for private club membership. Congratulations! No pr, no exposure, word of mouth investing. The 58 mil float continues to be sucked up 36mil of 58 owned by 15 guys. Hotel California is filling up. When it gets to .10 no more vacancy. The New Lotus Hotel and Casino will open. How will it happen slowly at first, then all of a sudden.
lakershowtime its because its not a diluted POS pennystock. They won't approach a stock that cost that much. Its way out of their league. The guys on these boards are only attracted to POS stocks in the same way that some guys like fat ugly chicks.
No jumpingmullet I don't think it will, I think pressure building for a breakout above .06 with a move .10-.12.
http://stockcharts.com/h-sc/ui?s=PHOT&p=D&b=5&g=0&id=p31740829530
You can see were one of the dilution tards got a bit excited a couple days ago and threw two many shares out. He got in trouble for that and won't get as many chocolate chip cookies. Thats what they pay the tards, cookies, they just love chocolate chip cookies. As long as they keep the tards under control and they pump excuse me, my bad, release some half way solid pr. Some of the guys seem to be getting excited about a new website. That sounds pretty good new websites are kool, whats wrong with the old one? I have never seen it. Seems the latest craze with the pot stocks is to buy, build or acquire some mj finder/educational/helping America pot head website. Is that what the new website is all about? "I'm proud to be an American where at least I know I'm Free to be a pothead" rally on! GO PHOT RAH!
rec and don't forget almost $800 a month in revenue, thats $9k per year in revenue added to the bottom line. This is incredible, to DA MOON or .15 whichever comes first
Well you boys got DA GAPPER like you wanted. Except you didn't get the breakout volume to keep pushing higher. All gaps must be closed, some sooner then others.
DA GAPPER
GAP N TRAP
Is he popular because he is painting a rosy picture? Don't get me wrong I own several 100ks shares of PHOT that will sell between .10-.12 to the first I gotta get in crowd member. Nowhere in his analysis you posted is reference to the massive dilution going on in 99% of the mmj stocks. PHOT could eventually be $'s a share if it didn't have sleazy guys dumping shares into the float. That's why its only a trade and will never be an investment. Why do you think it is sitting here at .05 with all the good stuff they have going on? Wake up it's the ugly D word DILUTION. Everyone at pumper central hates the D word. No don't talk about that, remove that post.
Money just put a market order in that way you know it will fill. lol
recinvestor if that's the best news ever, were in trouble
tcarver22 for me and the newbies please explain "we just made contact with every dispensary listed on thcfinder and I don't think I need to tell you why that is HUGE in and of itself."
Why is that HUGE in and of itself?
And the add revenue of $8k a year will have to go to pay the EDXC CEO for the last 4 years of Zero Revenue business(s) Everyone of EDXC shareholders and any acquired company is on the hook for $857k the CEO thinks he deserves. I don't know about you guys but I don't think anyone that was a CEO for 4-5 years and didn't make any money deserve a dime from hard working Americans like yourselfs trying to get ahead by investing in what we thought was a brand new company.
Time to chop the rot clinging to the leg off before it drags the carcass down. We don't need no stinking $857k debt from some OTHER business.
Just what was the other business(s) that failed from 2009 to Jan 2013?
tcarver22 and its been on the dilution sxxx slide chart ever since.
Back in Nov 2011 when the acquisition took place S R E R was $1.5 per share today its .17 as low as .12 and going lower. This illustrates the sad story for small companies that get acquired by other small companies using dilutive share process. In the example you sited Marijuana com was acquired for $4.2 mil. At $1.5 per (Nov 2011)share that is 2.8 mil shares at todays .17 price the $4.2 mil has shrunk to $476k and that is if they could sell every share at .17. At the current rate it should be half that in 30-60 days tops.
Take a moment to eyeball the standard pattern dilution sxxx slide chart.
http://stockcharts.com/freecharts/gallery.html?s=srer
THCfinder valued at $86k works out to 955k shares at .09 so the acquisition should be no more than 2 mil shares tops
Ty how about we just lump them in with the TA and his inaccurate information? Maybe we can get a gag put on that site concerning EDXC.
Interesting find $8964 revenue a year, will take 95 years to pay the accrued salary of EDXC's CEO dating back to 2009 (not including the future $215k salary that continues to accrue annually) when this company was who know what? By the way who knows what EDXC was between 2009 and 2013?
Cool site man that thing updates every 24 hours or so.
Ty with that news of EDXC buying a new website(social media) you should feel very confident compared to the Hotel California with the Stop Sign out front. You said yourself
"First off, HSCC is a complete DUD HSCC is a dud until it acts like a real
company.
No news, No volume, Cheesy ass website...everything looks bad IMHO
Stop Sign...nuff said...
Could it move like other dormant POS pennystocks sometimes do?
Sure pal! It could move...lmao"
Given the developments in your powerhouse stock.
EDXC at .09
vs
HSCC at .012
Which one will out perform on a percentage basis?
HSCC is the Hotel California, lousy night watchmen CEO, cheap as the day is long, crappy website, no sense of timing in the market. HUGE and I mean HUGE RED STOP SIGN on the well respected OTC markets website. In your words no products, sales etc.
Which on will perform the best on a percentage gain basis in pps?
Titan $500 loss on what? If so that's chump change. How do you know I don't have shares of EDXC? Just because I don't sing the pumper party line doesn't mean I don't trade. After all while you guys were busy trying to keep this propped up as it bled down. I told you all your pumping won't keep the kid from running down the bottom of the hill. I told you when the wedge was complete and the support at .09 became resistance that it would test the 50ma at .076. And it did.
One thing that I can say is the CEO is in tune with what is going on here on this board and he watches and listens. Does anyone here find it odd that news came out today after a heated discussion on pumper central. If anything you should be thanking me for pointing out what is going to happen to the price based on the chart and pointing out other things that none of you guys clued into or show concern for.
This is a pennystock that is in a very hot market sector amongst a sea of diluted POS plays. All but 3 are pump and dump schemes. One is a confirmed trade they sell grow lights and one somewhere in between an investment and a trade, that one would be EDXC. For it to become an investment the following needs to be done IMO
1. TA is unlocked and stays Unlock so any shareholders broker can get the numbers and update them periodically. Go down the dilution road and just remember Dilution kills everything.
2. Lay out the terms of the acquisitions to include unrestricted/ restricted shares how many, how long etc.
3. CEO eats his accrued $857k Salary Too Bad so sad.
Any EDXC shareholder should be demanding this of the company right now to insure they don't get screwed. If they do these things volume will increase exponentially followed by price.
The third one is not a trade or an investment it is the Hotel California and a 2 mil share private club membership.
The sad thing about pennystock companies acquiring other companies is usually it does not end well for the acquired company. They sometimes are very profitable companies that are well run but misinformed about how the penny stock market works. There are a few examples I could site from past experience but they would immediately be removed as off topic.
A pennystock company acquires a private company, hopefully profitable private company.The shareholders celebrate. Then the pennystock company squeezes all they can out of the company in terms of revenue, news, or an increase in the shell game. with the newly acquired companies spun off into new shells with hundreds of millions additional shares. The revenues from all the companies can then be shuffled from one shell to the next as needed. Once the shell hits the AS limit and they can no longer get anymore out of the company, it is folded inward and goes POOF! The former employees are left out of a job and the owner bagholding a bunch of worthless restricted and or unrestricted shares. This has been going on for years with different variations. The most important thing about the whole model is the dilutive nature of it creates the incentive to be the first to sell.
If you were the owner of the acquired company and your received a set number of shares for your company in lei of cash. You did so with the dream of multimillion dollar payout when your shares become unrestricted.Fat chance.
If you are the acquiring company you may have several other companies you acquired as well under similar terms. You basically control the shares.
You know that company A's acquired shares become unrestricted on such and such date your motivation might be to sell shares before the acquired company.
All the other acquired companies see what is happening and a race for the exits has been created. By now the floats are all bloated up into the hundreds of millions and the optimistic pumpers have taken profits and moved onto greener low float companies.
Being acquired by a pennystock company is not like being acquired by a NYSE company.
Does THCFinder know that they are on the hook for $857K worth of accrued salary to be paid to the CEO dating back to 2009? Once they become revenue positive he gets paid his salary. At first when I saw that I though how bizarre and stupid, now I see it as pure genius. A new twist to an old game. Cudos to Mr Davis. That payout of accrued salary was confirmed by Ty and several of the posters over the last few days.It won't matter if it is paid in full or partial the fact that its paid at all stinks for shareholders and newly acquired companies. I'll dig up the posts so we can all review them. This is one of the ways how the revenues get sucked out of the acquired company. This shell game acquisition model was perfected years ago by a very sharp guy nick named Ole Kevie Boy.
Rally on boyz!
nvidiaforgames recreational marijuana is here to replace medical marijuana in part because the dispensaries 100% cash business are very hard to keep from cheating on taxes. With pot being legal there is no need for medical marijuana. In a few short years the dispensary will be remembered like the speakeasy of prohibition era.
The sad thing about pennystock companies acquiring other companies is usually it does not end well for the acquired company. They sometimes are very profitable companies that are well run but misinformed about how the penny stock market works. There are a few examples I could site from past experience but they would immediately be removed as off topic.
A pennystock company acquires a private company, hopefully profitable private company.The shareholders celebrate. Then the pennystock company squeezes all they can out of the company in terms of revenue, news, or an increase in the shell game. with the newly acquired companies spun off into new shells with hundreds of millions additional shares. The revenues from all the companies can then be shuffled from one shell to the next as needed. Once the shell hits the AS limit and they can no longer get anymore out of the company, it is folded inward and goes POOF! The former employees are left out of a job and the owner bagholding a bunch of worthless restricted and or unrestricted shares. This has been going on for years with different variations. The most important thing about the whole model is the dilutive nature of it creates the incentive to be the first to sell.
If you were the owner of the acquired company and your received a set number of shares for your company in lei of cash. You did so with the dream of multimillion dollar payout when your shares become unrestricted.Fat chance.
If you are the acquiring company you may have several other companies you acquired as well under similar terms. You basically control the shares.
You know that company A's acquired shares become unrestricted on such and such date your motivation might be to sell shares before the acquired company.
All the other acquired companies see what is happening and a race for the exits has been created. By now the floats are all bloated up into the hundreds of millions and the optimistic pumpers have taken profits and moved onto greener low float companies.
Being acquired by a pennystock company is not like being acquired by a NYSE company.
Does THCFinder know that they are on the hook for $750K worth of accrued salary to be paid to the CEO dating back to 2009? Once they become revenue positive he gets paid his salary. At first when I saw that I though how bizarre and stupid, now I see it as pure genius. A new twist to an old game. Cudos to Mr Davis. That payout of accrued salary was confirmed by Ty and several of the posters over the last few days. I'll dig up the posts so we can all review them. This is one of the ways how the revenues get sucked out of the acquired company. This model was perfected years ago by a very sharp guy nick named Ole Kevie Boy.
Rally on boyz!
dshade hope all you like Float was "about 11milly:)" as reported by Ty, in Feb and 79mil last reported by company. Ty sure seems to have his thumb on the pulse of the company. Ask him how many shares they gave up. If restricted how long. Chances are he knows, but expect to hear those terms will be forthcoming.
Just remember whatever the increase its just for acquisitions. To increase shareholder value. I'm more interested in hearing the terms of the acquisitions.
Ok so EDXC now has a website dedicate to potheads. Is this for seed to sale tracking and compliance or for advertising EDXC? What is the game plan? Has EDXC shifted away from seed to sale tracking after the so so 10th out of 19 finish in the WA RFP?
Ty please fill in the gaps for me and the Newbies.
How many shares did they give up for this acquisition? What is the count on the other acquisition shares?
About THCFinder.com
Mission
To help medical marijuana patients find better access to reliable and safe medication and create an atmosphere for patients to interact and feel at ease in our community of users.
What happens when Medical marijuana goes away?
Recreational marijuana will do away with medical mj for the most part and the dispensary.
How will it happen? "Slowly, then all at once"
Face it 90% of the pot heads getting medical mj aren't sick they just want to get high to escape the reality of their dismal existence here on the planet.
Ty so for the record are you stating EDXC is a better play at .09 than HSCC at .012? We are talking percentage return going forward
3 Pennystock expert reviews of HSCC
nvidiaforgames Member Level
Saturday, September 21, 2013 4:08:59 PM
Re: TyTrades post# 8551
Post # of 8675
LMAO! LOOK AT THIS POS STOCK TRADING AT 0.01 HAHAHHA
nvidia Turned down the opportunity to buy HSCC at .01
--------------------------
TITAN Member Profile TITAN Member Level
Sunday, September 22, 2013 4:03:41 PM
Re: A deleted message
Post # of 8675
HSCC is the worst company I have ever seen IMO doe snot care about shareholders , empty shell not current with otcmarkets . I, m OUT
Sept sept 20-23 HSCC could be bought for .012 TITAN recommended against buying HSCC at .012
---------------------------
TyTrades Member Profile TyTrades Member Level
Sunday, September 22, 2013 3:41:32 PM
Re: A deleted message
Post # of 8675
Revenues and products, where? LOL
Scam shell until there's proof....
Lack of volume is a telling sign IMHO
------------------
TyTrades Member Profile TyTrades Member Level
Sunday, September 22, 2013 2:14:36 PM
Re: supyoscn post# 8576
Post # of 8675
Shell scam with NO volume IMO
No news...No products....what business will they start next?
Lol
Don't get stuck holding the bag on this crap friends.
Put your money in something that will give you returns, a stock that actually has liquidity...and a product
TyTrades Member Profile TyTrades Member Level
Saturday, September 21, 2013 8:53:30 PM
Re: dude iligence post# 5405
Post # of 5457
First off, HSCC is a complete DUD and correct me if I'm wrong, they didn't even submit a bid for this recent WA RFP....
Not to mention, they don't even have a product that can compete with the total package Endexx provides through AutoSpense and M3Hub.
Now, please clarify what you think the RFP was focused on, because I believe it was the administrative accounting needs for the state, a basic POS system.
I also believe what AutoSpense and M3Hub disclosed to WA state was significantly more technology than what the state was currently looking for to fill that specific need, but something the private sector will willingly embrace just like we are seeing with Tripp Keber of Dixie Elixirs at the 2013 Cannabis Cup: 1min video clip of Tripp on a recent National Geographic show discussing his products and the AutoSpense system being utilized for the distribution of his products:
http://www.tubechop.com/watch/1496994
BioTrackTHC could easily be integrated with AutoSpense and M3Hub, along with other competitors in that space according to recent PR's by Endexx.
Endexx has a bigger plan in motion and I love it. Focused on the physical tracking of Cannabis and Cannabis related products from "Seed to Sale"
$$EDXC$$
Ty called HSCC a complete DUD and didn't recommend HSCC at .01 either. Yet HSCC with 97th percentile place in WA RFP trampled another POT stock with 47th percentile finish.
These men are respected experts in Diluted POS penny stocks. They are heavily invested in those kinds of stocks. They find all their stock picks on OTC Markets and the message boards.
They are not accustomed to quiet companies with Zero dilution and tiny float that doesn't increase with each press release.
Three POS Diluted Pennystock experts recomending not to buy HSCC at .01-.012. 6 days ago
HSCC closed Fri.015 33-50% higher than 6 days ago when these experts gave it a hard handed thumbs down. best ask was .016. HSCC hasn't been this cheap in a while.
Traditional Definition of 'Float'
1. The total number of shares publicly owned and available for trading. The float is calculated by subtracting restricted shares from outstanding shares.
Effective Tradable Float As defined by these experts is
Effective Tradeable Float - The total number of shares publicly owned and available for trading minus shares that are bought and had then converted to a cert. and shares an "investor" has no intention of selling.
-----------
From the Effective Tradable Float definition it is easy to see that a stock that has ZERO dilution meaning no new shares being released into the float will have much larger increases in the pps as shares are bought by investors that have no intention of selling. Simple supply and demand.
HSCC is referred to by its larger shareholders as the Hotel California because they squirrel away shares with no intention of selling them. The top 15 shareholders of HSCC own 35 million of the 58 million float. they have been acquiring them for over 5 years. They even have a private club that requires 2 million shares purchased on the open market to join.
The rate of accumulation or squirreling away of shares can be seen on a stock chart accumulation/distribution line.
HSCC is the gold standard of accumulation. The accumulation steadily marches higher despite dips in price. (If you have a better example please link its chart) What is occurring is every-time a weak handed shareholder lets go of his shares stronger hands are buying those shares to get membership into a private club and more rooms at the Hotel California. The 15-20 shareholders are effectively buying out the smaller shareholders. So when experts like the 3 above think they are doing damage they are really doing a favor.
http://stockcharts.com/h-sc/ui?s=HSCC&p=D&yr=3&mn=0&dy=0&id=p17341472465
for comparison EDXC which has only been a pot company since Jan 2013 has periods sharp climbs in accumulation followed by very steep drops in accum and pps. Late May thru early Aug pps was .20 dropped to .032, 84% drop in pps as there was increased shares into the float.
http://stockcharts.com/h-sc/ui?s=EDXC&p=D&yr=3&mn=0&dy=0&id=p42065463468
remember these men are experts on diluted POS penny stocks
Sup no doubt just pick the hottest sector. How many shares are you lacking to get membership? Dagger21 is almost there
nvidiaforgames one must also look at the fact that accumulation/dist line is just now back above the level it was in May right before the massive dilution dump May 28, (see accum line then)that on the highest single volume day took the price from .20 to .12 then ultimately back down to .032 for a 84% loss of pps. That was a period of a big increase of shares into the float. History has a way of repeating itself.
All the rooms of the Hotel California from .009 to .015 were bought up today. The cost is .016. Once the price is .10, the Hotel California will no longer be available. Visitors will then be staying at the New Lotus Hotel and Casino.
You could say the Effective Tradable Float decreased by 650k today.
A few of the pot stocks had 10% gains today one had major volume increase. Here's the charts all but two of the penny plays are diluted pigs. Of the two one has the same confirmed 58mil float for over 5 years the other of the two has seen the float go from about 11 milly:) to 79 mil in six months. The former has been in mmj business for 4 years the second one since Jan 2013. The former is quiet about what they do. The second tells you everything they intend to do every week. The former is profitable and has been for years the second has not seen revenue since 2009, remember they have only been a pot company since Jan 2013. The former is very conservative about spending on salaries. The latter wants current share holders to pay the $750K accrued CEO salary from the previous failed business(es)dating back to 2009. Thats approx $175k per year for a business that made $0. The former is surrounded by independent consultants in the industry that have been establishing connections in the mmj industry for the last 3-4 years laying the groundwork for something no pot play offers. The latter has only been in the mj industry for 6 months. They have followed the standard diluted POS pennystock playbook of surroundeding themselves with other diluted pot plays. The former placed in 97th percentile, 8 out of 118 in highly competitive WA RFP. The latter placed 47th percentile 10th out of 19 in a less competitive WA RFP. That is a quick summary of two pot plays, Diluted vs Non diluted
Tortoise vs The Hare
http://stockcharts.com/freecharts/candleglance.html?PHOT,MWIP,MDBX,HEMP,GRNH,MJNA,CBIS,AVT,TRTC,ERBB,edxc,HSCC|B|F
Here's the Chart read I posted a few days ago that was removed as off topic. pps tested .076 today as predicted. Hmm imagine that.
"Looks like EDXC could hold support at .09. You guys were supposed to build an ascending wedge not a descending wedge. Wedge complete. 50ma is at .076 200ma and tops from about 1-2 months ago at .07. Those are the levels that will need to be tested once that .09s become resistance.
http://stockcharts.com/h-sc/ui?s=EDXC&p=D&b=5&g=0&id=p02237228714
----------------
http://stockcharts.com/h-sc/ui?s=EDXC&p=D&yr=0&mn=5&dy=0&id=p55219573217
Chart continued to show strong accumulation thru the pullbacks since August. Today's intraday test of the 50ma happened despite all the yelling at the kid to stop running down hill. Best to just let the pps settle where it wants. After all the kid needs to rest before running up the next hill. During the rest period those that want on the bus will get on, then once the door is closed then starting yelling we are leaving.
The mj sector is heating up several plays had volume pick up today as well as pps.
Newly revised definition of Float, adding Effective Tradeable Float
Effective Tradeable Float - The total number of shares publicly owned and available for trading minus shares that are bought and had then converted to a cert. and shares an "investor" has no intention of selling.
-----------
Traditional Definition of 'Float'
1. The total number of shares publicly owned and available for trading. The float is calculated by subtracting restricted shares from outstanding shares.
Investopedia explains 'Float'
For example, a company may have 10 million outstanding shares, but only seven million are trading on the stock market. Therefore, this company's float would be seven million.
Stocks with smaller floats tend to be more volatile than those with larger floats.
----------------
I will email this to Investorpedia to see if they can update their definition. I will also send it to the TA and tell him the concerns of the company according to the board members that the TA is giving out inaccurate info and respectfully suggest they should include the Effective Tradable Float in their share structure.
So what do you guys estimate the current Effective tradable Float at?
Why would anyone buy stock with no intention of ever selling it?
"If the float is tightly held by insiders and private shareholders, that would technically make the float much tighter and smaller than what is listed."
It was stated on the board that the reason that the TA was Locked from shareholders because he was giving out inaccurate information.
He must not have been taking into account the large holder here that aren't letting their share go under .50.
Perhaps the TA needs to be educated on this new way of calculating share structure.
One important question
At what float number does it become a concern and the large holders here let their shares go for less than .50?
ie 150 mil 200mil 250mil 300mil etc
Just estimate what float level would open the exit doors for these guys to leave.
Ty with all respect to you and members of this board and current and prospective shareholders of EDXC you reported the float at 11 million 6 months ago and now it is 79 million. If it was different than 11 million back 6 months ago, then why did you report it as 11 million? If it is different than 79 million today using the same set of definitions you prescribe to then what is the current tradable float using your definition? If you estimated it at 11 mil then what do you estimate it at today.
If we know what the current float is using your technique then we have a clearer picture of how much the tradable float increased during the 6 months. Otherwise all we have to compare is 11 million float increased by 7.1 times to become 79million. Those are alarming increase in float which coulf put a damper on sustainable price increases for shares of EDXC.
Please tell us how you calculated that number? These are important facts and information that all investors in penny stocks should be aware of. I with over 20 years experience have not been introduced to a new way of calculating float. I'd like for you to explain it so I can clearly understand and benefit from your vast knowledge and experience.
Ty using your technique if a stock had a reported float of 58mil and 15 largest shareholders owned 35 mil what would the tradable float be using your technique for calculating float"
Ohmanidied Definition of 'Float'
1. The total number of shares publicly owned and available for trading. The float is calculated by subtracting restricted shares from outstanding shares.
Investopedia explains 'Float'
For example, a company may have 10 million outstanding shares, but only seven million are trading on the stock market. Therefore, this company's float would be seven million.
Stocks with smaller floats tend to be more volatile than those with larger floats.
-------------------------------
That's pretty clear cut. Given that definition. Explain the significant difference between the float 6 months ago of "about 11 milly :)" and the current company reported float of 79 million.
If the tradable float as defined by the respected member was 11 milly (million) then what is the tradable float today as respected member defines it?
I think an explanation is in order because this is a new concept not only to the Newbies but to me with over 20 years experience trading.
If the float was different than 11 million back 6 months ago, then why did the respected member report it as 11 million? If it is different than 79 million today using the same set of definitions the respected member prescribed to then what is the current tradable float using the respected members definition? This way we have a comparison of what the "tradable float was and currently is according to the respected members technique. That will allow us to determine the rate of increase in the float using the respected members technique.
how did he calculate that number? These are important facts and information that all investors in penny stocks should be aware of. I with over 20 years experience have not been introduced to a new way of calculating float. I'd like for you or the respected member to explain it so I can clearly understand and benefit from the sea of vast knowledge and experience on these honorable boards
Definition of 'Float'
1. The total number of shares publicly owned and available for trading. The float is calculated by subtracting restricted shares from outstanding shares.
Investopedia explains 'Float'
For example, a company may have 10 million outstanding shares, but only seven million are trading on the stock market. Therefore, this company's float would be seven million.
Stocks with smaller floats tend to be more volatile than those with larger floats.
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That's pretty clear cut. Given that definition. Explain the significant difference between the float 6 months ago of "about 11 milly :)" and the current company reported float of 79 million.
If the tradable float as you define it was 11 milly (million) then what is the tradable float today as you define it?
Please explain because this is a new concept not only to the Newbies but to me with over 20 years experience trading.