The float is microscopic because virtually all of the stock issued as currency to pay for these "deals" has a restricted legend attached to it. The only way it free trades is if Simmonds files a registration statement with the SEC....I think, based on the information recently released, Simmonds has much bigger problems to deal with than a lack of meaningful liquidity.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.