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
North Bay Resources Commences Operations at Bishop Gold Mill, Inyo County, California; Engages Sabean Group Management Consulting • NBRI • Sep 25, 2024 9:15 AM
CEO David B. Dorwart Anticipates a Bright Future at Good Gaming Inc. Through His Most Recent Shareholder Update • GMER • Sep 25, 2024 8:30 AM
Cannabix Technologies and Omega Laboratories Inc. Advance Marijuana Breathalyzer Technology - Dr. Bruce Goldberger to Present at Society of Forensic Toxicologists Conference • BLOZF • Sep 24, 2024 8:50 AM
Integrated Ventures, Inc Announces Strategic Partnership For GLP-1 (Semaglutide) Procurement Through MedWell USA, LLC. • INTV • Sep 24, 2024 8:45 AM
Avant Technologies Accelerates Creation of AI-Powered Platform to Revolutionize Patient Care • AVAI • Sep 24, 2024 8:00 AM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM