And here is an update also!!! The numbers are staggering with about 1.75 million shares bought since December 2, 2019!! Why?? Who knows what is coming that we do not know that has made them decide to, over the last 7 trading days, to accumulate 10% of the current tradeable float? The most staggering part would be to see a few Form 4's from the insiders stating they have been buying up the stock for themselves! Now that would be huggggeeeee!! Even if they don't, someone else is buying up these shares. That is for sure just based on the trading logs each day!
The Current issued is 37,195,846 shares with a restriction of 13,766,929 shares per the T/A's report yesterday. The float is 23,428,917 shares but Jimmy Wayne Anderson owns 6,275,534 and can not sell any additional shares till Feb 20,2020, as we have been reminded, the current tradeable float is 17,153,383 shares.
Since the company started as GCAN in March 2017 they have added 10,289,877 shares in over 2 1/2 years and ALL have been to pay off debt that Wayne created for the company and to pay off Wayne to get rid of him as the CEO. What was so surprising was they issued shares for debt payment and to Whacky Wayne and those people took those shares as payment but the stock did not start trading until Sept 18,2018 and they were issued the stock in 2017 and beginning 2018! What guarantee did they have at that time the stock would even trade for them to possibly sell to get their payment for services rendered?
Since the company has started trading on September 18, 2018 a staggering 117,513,687 shares have traded up to and including Dec 10, 2019. Now many know at one time the float was below 15 million shares during this same trading time. That works out to be almost 10X's the float in 1 year and 3 months. Can anyone say, 'naked shorts'?
Thanks for the opportunity to correct a few words and more importantly to update the numbers as of the close of business yesterday.
JMHO.
