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Re: ChiefZ post# 392

Thursday, 06/03/2021 6:16:39 PM

Thursday, June 03, 2021 6:16:39 PM

Post# of 517
Indeed...consider the following though, there's no dilution, insiders/management collectively holds 43%, and long-term 5%+ investors collectively hold another 37%, so the true tradeable float here is actually under 5M shares.

And then there are likely many sub-5% longs, holding 100K share blocks for example, so it makes sense that there are barely any shares available to purchase.

Problem is right now there is low exposure/following on this stock, and so the low volume deters swing traders from buying in - they're waiting for 'FOMO' and hype to set in. From a long-term perspective though, I like this whole situation because once that volume and awareness sets in, this could move insanely quickly.

Disclaimer: All of my posts represent only my personal opinion and should never be taken as facts or advice by anyone, for any reason.