InvestorsHub Logo
Followers 53
Posts 3489
Boards Moderated 0
Alias Born 02/05/2014

Re: CHIEF-RISES-ABOVE post# 50966

Thursday, 11/09/2017 11:25:15 PM

Thursday, November 09, 2017 11:25:15 PM

Post# of 58418

"There are plenty of MJ tickers with a similar SS that have run big. BITCOIN, Crypto, etc. is no different"

Look... the issue is not just the size of the share structure. This is what the issue is...

There are roughly 19 billion shares outstanding. That is not disputable because the transfer agent has verified it.

Roughly 9 billion shares have traded in the last 9 trading sessions. That is not disputable because anyone can go look up the trading volumes for each day.

That leaves 10 billion shares still out there, and we have no idea about the current status of those shares.

Adrian will not tell us the current float.

Any share created within the last year, by Rule 144 requirements, are supposed to be restricted. No one knows how many of those account for the missing 10 billion.

Adrian loaded the Rule 144 pipeline continuously for the past year. We know that because the O/S keeps going up.

Even if all of the unrestricted shares that existed today were traded by today, tomorrow or any day after tomorrow, some of the restricted shares will convert to unrestricted shares. When that happens, the financiers who are holding them will dump them into the market and that will slam down any upward momentum gained today.

Could the upward momentum outrun the amount of shares that will soon convert to unrestricted? Sure... or two billion shares could land on the ask @1 at opening tomorrow.

Some level of conversion is likely to squash the euthusasm for people to buy more shares. If that happens, this goes quickly back to no bid @1.

So, it is pure gambling... purely a dice roll. Those missing 10 billion shares are not going to stay missing. Eventually, they will convert. Only Adrian knows how many there are and when they will convert... and he very specifically does not want us to know. Why would that be the case? Not being able to answer that question is a good enough reason to be highly suspicious of what is happening.