Nascent Biotech Inc. (NBIO)

[ok2buy]

From Vickers, the 4 - largest company insiders, in order of holdings (Carrick, Price, Holden and Glasky) own a total of 27,967,951 shares. From the last Q1 form dated Feb. 9/21 there are a total number of outstanding shares (basic and diluted) listed at 76,566,884. Some quick math, management is currently holding just over 36.5 % of the total # of outstanding shares. My point here, management has a significant amount of skin in the game. Of the remaining shares, how many of those are locked away and being held in tight hands? Consider this past month when the stock actually ran up to 16 cents on Feb. 17th and 2,709,600 shares sold on that day. Which coincidentally was the largest number of shares sold by volume during the month of February. If I consider the number of shares available (48,598,933), shares that are not held by management, on that trading day: 2,709,600/48,598,933 represents 5.58 % of what I will call free trading shares sold. Let me say it again, only 5.58 % of what I consider to be free trading shares actually sold on that day after the stock ran up as high as 16 cents! My point, I believe that a very large percentage of the company's shares are not available and don't trade. Why? Because most investors recognize that this company is worth way more than the 16 cents that we hit on Feb. 17th. My opinion only. Best of luck to the longs./ok2