EDXC's share structure has been pretty much the same for the last year and a half or so which is impressive when one considers EDXC could have diluted into the MJ craze last year, but didn't.
The float is right around 100 million with the OS at about 200 million.
As for the reason this has limited volume, I believe it is partially due to the fact that the ticker symbol is not "sexy" and for whatever reason is still somewhat unknown, despite having a strong run with the rest of the sector last year.
It's been pointed out many times already, the accumulation on the charts is at all time highs which shows how tightly held the float is. Not many are selling, only picking up what they can by patiently waiting with bids and strategic ask slaps here and there to protect positions.
As for the best time to buy, what I've noticed is bids get hit intraday. Only a couple bid whacks are of decent size relative to the daily shares traded, and by that I mean bid whacks of 25-50K only. That said, I haven't seen any 500K - 1M share bids that could be tested anyway. Bid whacks have eventually been followed by ask slaps, and then a seller undercuts the ask. (Probably a small time flipper). By the end of the day, usually the ask that undercut has been bought up and the higher ask gets "painted" for a nice close. Over the last few weeks, slowly this pattern has seen the PPS move up incrementally as bids have slowly moved higher, as well as the ask side.
This is what I've noticed based on several daily check ins. I don't watch the minute to minute because I'm not tactically trading it. So take this for what it's worth from an investor who has a long position. Hope that helps a little. Good luck picking up your position if you don't already have some ;)
Go EDXC
Rec
