Hong Yuan Holding Group (HGYN)

[ologun]

company had 810,757,671 shares outstanding as of dec 2013.
They had a 1:50 RS effective feb 2014, which put the OS at 16,215,153.
If we are to assume the total number of shares in the float as of the RS was say 50-75% of OS, then we are looking at anywhere between 8-12M float.
But, IMHO, most of these were likely restricted and valued well beyond the current PPS to be of any real impact on the intra day price movement.

IMHO, based on the volume and price movement, compared with its peer shells, the effective float that's tradable is well below 5M.
A pink current status with the Q drop will put this between .05 - .1 or higher. If there is an announced change in custodian, indicating a target buyer, then we are in for some real major price movement.