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Alias Born | 12/31/2016 |
Thursday, January 28, 2021 10:12:18 PM
At today's closing price of .0122, the entire O/S would be valued at $17,202,000. But we know a large part of that O/S has already been bought by long shareholders who recognize the potential of holding. So while number of shares held does not change the O/S, it makes the remaining shares more difficult to get.
The only thing holding this back is low volume. Even with the low volume, more and more flipping shares are soaked up and tucked away by longs every day. $17.2M is not a lot of money in the grand scheme of the markets, and nothing to be concerned about.
The word "billion" has shock value, nothing more.
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