Wednesday, April 28, 2021 3:26:52 PM
11
Discussion of Float
By Eric Lehner in Shareholder Correspondence, Stock Statistics
A BALANCED APPROACH IS LESS DRAMATIC BUT MORE EFFECTIVE
I kept my promise today to be the type of CEO that shareholders can trust by providing advance notice that I am authorizing a 10% expansion of the float. The usual approach amongst penny stocks is to increase the sharecount secretly, and leave people guessing as to what is driving the market dynamic at any point in time.
One reason that honesty is so rare, is that it carries a heavy price – derision by those who don’t like the message. On the other hand, if decisions are wise on balance, then even the derision can become more nuanced.
That is why I have always said that I would rather level with shareholders (and market makers) at every step of the journey, and let people make their own informed choices.
Below are the screen shots of two Tweets today. I am going to explain in more detail what they mean. Twitter is not conducive to thorough explanations.
IMO,we should be @ least .005 right now, but can't blame some if they took profits from the trips, it's part of the game,GO WNBD
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