NewGen BioPharma Corp. (NEWG)

[Big Brother]

I'm kind of surprised at the amount of flipping here, seems like there are better stocks to day trade. This should be attracting more position traders and long investors IMO.

This is the current share structure and a guess at what the post merger ss will be. Even if the unrestricted was maxed out, which it isn't, not even close IMO, There would only be 11.6M shares available right now in the float. That is nothing for a cannabis biotech/pharma company, this should fly post merger, so why flip for pennies now...?? Seems short sighted, I don't think the flippers have any idea what this company actually is.

Current share structure

Authorized Shares--300,000,000
Outstanding Shares--47,600,000
Restricted-- 36,000,000
Unrestricted-- 11,600,000
Float--Unknown

After merger (guesstimate)

Authorized Shares--300,000,000
Outstanding Shares-52,000,000
Restricted-- 38,000,000?
Unrestricted-- 14,000,000?
Float--Unknown