I think everyone will find this interesting...
I've tabulated data from 31 contributors here, Between them a little over 16 million shares are held, or 33% of the float. But here's what's interesting: Only 29% (9) of those 31 have VTXB listed in their own "My Stocks." If this percentage holds true for the remaining 38 listed as holders, then this means there are really about 162 here on Ihub holding VTXB.
But, with the reporting 31, the average holding is (16,071,850 / 31) = 518,446 per holder. But multiply this by 162 and we get 84 million shares in the float which is way high. So what’s wrong?
It took me about a second to realize that on “my stocks” for VTXB, less than half of the so called holders display a custom photo, the rest are simply the Ihub default pic. Taking into consideration that last week we found out that someone with 74 accounts was padding the “most read” list, that probably the same person had some of his accounts padding the “my stocks” list as well. I think this is the case because practically every poster on this board for the last few weeks (except for achron) has had a custom photo. Taking this into consideration, and assuming the 29% holds true for the “actual” 21 accounts, then there could be about 72 actual Ihub holders, and @ the ave. per holder I calculated we can project a total Ihub holding of 37.5 million! This means it would take only 6 of the 26 accounts on VTXB “my stocks” that I didn’t use to be actual accounts for us to hold the entire float.
But whether true or not, the conclusion I'd like to offer is guys, we own the float. We own it, we know what we own and we are simply waiting. There's no question about what we think will happen. I think the miniscule selling we're seeing is mainly holders who have been around for a few years, fell out of the game, are looking into their portfolio after an absence and are apathetically "cleaning out the attic". Some folks might not even know that there has been a symbol change and might be saying to themselves, where in the heck did THESE come from? I offer this because this is how L2 and the trading activity is behaving. There just aren't any shares out there. And large spreads seem to always occur when liquidity fades away, right? I'm sure you've all seen this before.
Mr. Olmstead has already stated that regarding the first filing, "There will be nothing on it." Even though this may be true, I think the larger milestone is that the company becomes reporting. But I think that the sentiments will be split between those who are glad the report got filed (the happy traders) and those who think the data in the report sucks (the sad traders) at which point about a third of the float will again change hands. So to all you happy traders out there, get your powder ready.
I would very much enjoy hearing anyone's thoughts. VTXB
