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Tuesday, May 10, 2022 5:25:13 PM
I like the author's analysis that 2,300 people holding 1 million shares each would lock float. At today's close that'd be about $61k per investor.
Though Webull's 7 million account holders are demographically similar to those of its larger rival, with an average age of 40 and average account size of $4,000, they tend to be more active and more advanced investors, Denier told CNBC's "ETF Edge" on Monday.
https://www.cnbc.com/2021/12/02/webull-ceo-on-what-factors-differentiate-his-trading-platform-from-robinhood.html
So more realistically, if everybody was an average Webull investor and put their whole $4k into just ENZC, it'd take about 35,000 investors to lock float. If they only have 10% of their cash liquid, now we're talking 350,000 investors. Not accounting for other OTC plays that will capture new interest, even numbers like that seem feasible, especially if ENZC drops some bomb PRs...
Webull, ranked as the second most popular trading app worldwide with 2.7 million active users every month
https://www.businessamlive.com/robinhood-webull-etrade-etoro-double-global-users-to-14m-in-12-months/
Curious to see how it plays.
I edit too much! Refresh any of my recent posts to get silly little updates and clarifications.
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