Followers | 313 |
Posts | 52427 |
Boards Moderated | 14 |
Alias Born | 08/19/2009 |
Tuesday, September 01, 2009 5:40:08 PM
700M shares (estimate) is a VERY LARGE float.
I'm still hoping to get some more discussion on the post on selling theories. Thanks to those that chose to add their thoughts, but I would also like to hear from some of the more frequent board posters.
The source of the high volume of shares being traded below bid is absolutely paramount to understanding how EXPH will do as an investment. If it is a seller that has another 100M shares to go, any rally will be immediately squashed.
Bulldoughzer asked "If the large seller wants above .013 why wait till now ?? He could of sold much higher weeks ago?"
- Ever try to sell 100M shares at market :)
Ryoko said "It also doesn't make sense that if it's a retail seller looking to dump large quantities of shares at a limit price that the best bids are getting skipped."
- Good point. However, with large blocks it can be a negotiated swap outside of the bid/ask at a discount. I think this is what it is, IMHO.
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
Element79 Gold Corp Announces 2024 Clover Work Plans & Nevada Portfolio Updates • ELMGF • Sep 10, 2024 11:00 AM
Nightfood Holdings Inc. Completes Major Step on Uplist Journey by Closing Strategic All-Stock Acquisition of CarryoutSupplies.com • NGTF • Sep 10, 2024 8:15 AM
Element79 Gold Corp. Announces Sale of 100% Interest in Elder Creek, North Mill Creek, and Elephant Projects to 1472886 B.C. Ltd. • ELEM • Sep 9, 2024 9:34 AM