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Wednesday, February 22, 2017 8:48:50 AM
So own the float is calling out companies where they feel the float can get locked up easily, I get that.
How would something like this apply to a brand new MJ stock with a 3 mil float? When I say brand new, as in a couple of weeks ago they had their name and ticker change take place. Yesterday was the first of volume (250k) which drove the stock from open at 0.28 to upwards of 0.95, then closed at 0.827.
I am not saying what other stock this is, or even if its real, I am just trying to get a grasp on what they are looking for when locking up the float, besides the obvious "hold your shares tight". What else comes into play with a MJ stock if we are throwing fundamentals out the window?
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