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Sunday, December 10, 2017 8:38:23 AM
MY MESSAGE:
@tommetcalf123 I liked your article "Bitcoin Boom Makes Aussie a Paper Billionaire as Crypto Jumps." The article states 7,062 shares traded but didn't discuss how many are in the float. Does Cypto Company have a liquidity issue?
HIS REPLY:
@tommetcalf123
16h
16 hours ago
Replying to @svb_nj
19.6m are outstanding so this is all on minuscule amounts of trading -- 0.03%. Very much a paper billionaire
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I mean it is one thing to say this stock went up on a mere 7,000 in volume but if you don't mention that 99.9% of the stock is locked up and un-tradable then you are just trying to make a headline and click bait. Unless it isn't? That's the big question.
I don't think he bothered to investigate this one. So much for journalism.
Perhaps I should have worded my question differently? Maybe I should follow up with a cooment/statement like but "only 4,000 shares are able trade". Althought I don't know that for sure. Any thoughts are welcome.
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