the float figure is obviously thrown around on many different websites, and who knows which one you can trust
but if you see the float in the 200millions on one website, then you see it in the 300 millions on another website, then you see it in the 400millions on another website
it is probably safe to say going into this dilution period it was less than 1 billion in the float
the reason why i say that is because of how it was trading,
people can say the float is 5 billion all they want, but when you have a spread between the ask and the bid of 3 or 4 tics and when you hit the ask for only 500k and she moves - most likely you are no where near this so called 5 billion float
its impossible being that they are diluting and there is only 5 billion shares authorized in the whole company
so how can there be 5 billion in the float
thus - i feel the R/S is completely unwarranted and someone is trying to get cheaper shares
this is subpenny world, of course there is dilution
of course there is - happens everyday
someone is going to say that is the problem?
and so now we need a R/S , cmon?