Not at all. Buyers of shares don't look at the outstanding shares when buying. They buy simply based on their chances of making money. If they see the price going up, they buy. If everyone holding shares put them up for sale, then the market would be flooded and the price crash. In reality, only a few people are selling, which means there are a lot of shares tied up, in effect the same as if the company was holding them. Currently, few are selling, and it appears it will be that way for some time. Everyone believes it will go way up. And though in a different league, why did Tesla go way up, yet virtually no product at the time? Currently, it has about 1 billion shares outstanding and a market cap of almost a trillion. If everyone sold their Tesla shares it would crash, but it won't. because people hold them. Only a small number are on the market at one time. Share price is not a function of outstanding shares, but how much people want to own them and how much is available to purchase. This stock is going to have a massive run up because there will be a mania to buy it once it moves. You are stupid to sell, at least at these levels. Your thinking is flawed. I have seen much worse penny stocks, by which I mean scams, go to $14 a share and have market caps bigger than almost anything. Makes no sense, unless you look at supply and demand for shares. That is what will happen here, unless you continue to dump shares and depress the price. Don't do it. You will be much better off long term. This stock is not going lower. At least not much lower. Hold and then sell small blocks, like 20K to 50K at a time. You have nothing to lose and much more to gain.
