Ihub shows the float at 80 million. Yahoo shows 113 million. Not too long ago I saw a figure (can’t remember where) of 70 million. 10 day volume is around 300 million shares. Who is selling? Who is buying? Probably lots of little guys rolling the dice on a 50,000 share position. If you’re selling a million shares you might be a Dennis Anderson who likely has no inside information and a pile of shares, watching the price drop and drop while the company fails to deliver on basic information they said would be shared. If you bought a year ago at five cents and today we’re well below three cents, you might be inclined to bail on a 50K position. The average cost of a share in the float is undoubtedly decreasing, which probably means when there is finally something newsworthy that can move the price there will be lots of folks happy to sell with a profit of three to five times what they put in. What is three to five times profit for recent buyers isn’t even break even for those who bought three or four years ago. Probably going to be a LOT of shares sold to ever get this beyond ten or fifteen cents.
HC Wainwright, Armistice, Alpha Fund – these guys must be stuck right? They can’t sell for anything near break-even I believe. Warrants for eight cents are never going to be exercised and the potential funding will never come to Coretec. That’s a whole other worry. I asked how the company was planning to fund operations for the last call and the question was not addressed. Endurion is the bright spot right now, maybe something noteworthy happens and the share price finds a new (higher) floor. Or maybe the company is just sold outright and we're all done here.
