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
FEATURED Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM
North Bay Resources Announces Mt. Vernon Gold Mine Bulk Sample, Sierra County, California • NBRI • Sep 11, 2024 9:15 AM
One World Products Issues Shareholder Update Letter • OWPC • Sep 11, 2024 7:27 AM
Kona Gold Beverage Inc. Reports $1.225 Million in Revenue and $133,000 Net Profit for the Quarter • KGKG • Sep 10, 2024 1:30 PM