Thursday, October 11, 2018 1:59:23 PM
That's not including anyone else here at iHub but I also suspect that there are some other big fish who have their shares locked up from the initial move earlier in the year. Then if you go to OTC.com you'll see there were 540 shareholders of record back in Dec of 2017 (before it even ran into the pennies).
If you do the math and add up all of these shares locked away, I'd bet almost anything that number ends up being larger than the float, possibly much larger. My only conclusion then is that MMs have sold more shares than there are in the float. It's not uncommon for MMs to sell shares they don't own, in fact it's common practice for them to do so when the price gets out of hand, but then they'll have to cover into the dips as they shake out sellers. IMO they never got the dip they needed and now are stuck. Normally the MMs would have pushed a stock like this to breakout and run but they've been stalling it by keeping their spread incredibly wide and having OTCX on the ask with more phantom shares (though when you test OTCX he's been skiddish and not truly an aggressive seller). They're playing with fire and know it. Ultimately I think this ends up doing much better than .10 - .15.
I have every intention to do more buying as well and will be hitting the ask but I need to hit another runner elsewhere first. As bullish as I am I can't lock all of my capital into any one play.
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