Friday, June 10, 2022 9:50:39 AM
In the case of IHAI, shares got unrestricted a few months ago already.
What's more important to me is the number of oustanding shares because when debt is converted into shares, this number can grow a lot and that's when we can get into serious trouble.
In the case of a pump and dump scheme, it will grow exponentially annhiliating the share price forever, and sometimes leading to a reverse split in a rinse and repeat process.
The float can't grow bigger than the number of oustanding shares and if the latter grows exponentially, so will do the former due to the pump and dump nature of the operation, and that's when we're toast with certainty.
Besides, for information, the Pink Current listing rules are here:
Alternative Reporting Standard: Pink Basic Disclosure Guidelines
Nothing I write is financial advice.
Trade at your own risk.
Recent IHAI News
- Company Enters LOI With EV Battery Management Firm • AllPennyStocks.com • 12/11/2023 02:00:00 PM
Greenlite Ventures Completes Agreement with No Limit Technology • GRNL • Jul 19, 2024 10:00 AM
VAYK Expects Revenue from First Airbnb Property Starting from August • VAYK • Jul 18, 2024 9:00 AM
North Bay Resources Acquires Mt. Vernon Gold Mine, Sierra County, California, with Assays up to 4.8 oz. Au per Ton • NBRI • Jul 18, 2024 9:00 AM
Nightfood Holdings Signs Letter of Intent for All-Stock Acquisition of CarryOutSupplies.com • NGTF • Jul 17, 2024 1:00 PM
Kona Gold Beverages Reaches Out to Largest Debt Holder for Debt Purchase Negotiation • KGKG • Jul 17, 2024 9:00 AM
Avant Technologies Welcomes Back Former CEO with Eye Toward Future Growth and Expansion • AVAI • Jul 17, 2024 8:00 AM