InvestorsHub Logo
Followers 14
Posts 1098
Boards Moderated 0
Alias Born 07/15/2016

Re: nsomniyak post# 36965

Wednesday, 03/10/2021 2:26:07 PM

Wednesday, March 10, 2021 2:26:07 PM

Post# of 45151
I think the low RS ratio is due to the number of shares actually in the market. By our previous calculations, there are about 780M shares in the market. Using a 100:1 ratio would bring this down to 7.8M shares. That's a fairly low number. Using a 1000:1 ratio would be 780,000 shares. That would be a VERY tight float. Yes, the new owner will issue more shares but in the meantime, it would create a wildly swinging PPS. That would NOT be good for the buying company.