Skybridge Tech Group (SKGO)

[amadeus]

If I were to hazard a guess, from studying volume history, and this is just speculation, I'd say its probably a minimum of 400m to 450m.

On 11/17 and 11/18 there was a total volume of about 295m, and the price ranged from 0003 to 002. There couldn't have been too many shares left around at that point.

On 11/11 and 11/12 volume was about 310m, and price ranged 0002 to 0004. I think some signficant number of shares must have been held long term, so to continue speculating, lets assume 100m shares were held in long positions. That combined with the 295m in volume a week later must have nearly consumed most of the available float.

all purely guessing. but when the stock moved 100% on 310m volume on 11/11, 11/12, and then a week later moved roughly 700% on less volume, about 295m, shares must have been largely held by people intending to invest longer term for the potential merger.

Now that its holding around the .0008 level, when previously it dipped back to .0002/.0003, there must be many more shareholders treating it as a longer term hold than did the week of 11/11.
So I would expect on a similar volume breakout of 295m like the week of 11/18 would probably find a much smaller supply of available shares now than before when it hit .002

all just conjecture and guessing based on volume history, and time will tell.