Microelectronics Technology Co. (fka MELY)

[EnixStorm]

Where do you see a billion shares traded anywhere since the injunction of the company? There is absolutely no Technicals to support that theory.

Let's say the float is 1b... That means there are 1bil freely traded shares out there. Where did they come from? They would have had to dump all 1b right into traders hands on those two green days with retail and algorithmic trading firms like ARCA selling 0 shares during those two days. It's impossible. I personally know because I myself sold quite a bit. I'd be willing to bet a hefty some as well that others sold too, therefore a good percentage of that volume (verifiable by the marketmake share volume report) was trading and not being "dumped" into the float.

Pulling up a 5 year year chart (and not posting because a truncated version only gives 3 years) this is the first time this company has ever seen this volume or even close to it by 100s of times it's highest volume.

The float is nowhere near 1b imo. GLTY too :)