looking again at the volume history for the last 2 years, I think the maximum the float could possibly be, without any current dilution would be between roughly 10 to 13m...
if you look at the volume history, and make a wild assumption that no one traded the bounce or a swing trade when it reverse split and went from dollars to a bottom it would be around 13m.
realistically probably at least 1/3 to 1/2 of that volume involved some flipping, and possibly more.
then you have almost an entire year it only traded about 2m shares total. I think its safe to say no new shares entered the market for that entire year.
so I guess its possible the float could be anywhere from 4m to 10m. most likely in between somewhere.
but when the market makers can simply short at will, makes any analysis more problematic for sure.
UCSO open high low close change volume
03/02/10 0.0150 0.0190 0.0100 0.0130 +0.0000 750,837
02/26/10 0.0004 0.1000 0.0004 0.0130 +0.0126 13,272,554
01/29/10 0.0003 0.0020 0.0003 0.0003 +0.0000 0
12/31/09 0.0003 0.0015 0.0003 0.0003 +0.0000 200,000
11/30/09 0.0003 0.0020 0.0003 0.0003 +0.0003 140,233
10/30/09 0.0003 0.0015 0.0003 0.0000 -0.0004 0
09/30/09 0.0004 0.0015 0.0003 0.0004 +0.0000 2,638
08/31/09 0.0003 0.0130 0.0003 0.0004 +0.0000 50,000
07/31/09 0.0005 0.6000 0.0001 0.0004 -0.0001 295,000
06/30/09 0.0005 0.6000 0.0003 0.0005 -0.0002 404,267
05/29/09 0.0020 0.6554 0.0002 0.0008 -0.0003 794,991
04/30/09 0.0003 0.0050 0.0003 0.0010 +0.0002 290,701
03/31/09 0.0003 0.0050 0.0001 0.0008 +0.0005 55,000
02/27/09 0.0003 0.0008 0.0003 0.0003 +0.0000 5,015
01/30/09 0.0004 0.0020 0.0001 0.0003 -0.0007 1,106,768
12/31/08 0.0007 0.0050 0.0001 0.0010 +0.0004 1,148,900
11/28/08 0.0007 0.0300 0.0001 0.0006 +0.0000 990,249
10/31/08 0.0040 0.0050 0.0001 0.0006 -0.0024 989,838
09/30/08 0.0050 0.0120 0.0005 0.0030 -0.0020 1,940,112
08/29/08 0.0500 1.0100 0.0010 0.0050 -0.0360 8,619,310
07/31/08 0.5500 0.6000 0.0410 0.0410 -0.5590 2,778,083
06/30/08 0.7500 0.8300 0.2200 0.6000 -0.1310 251,598
05/30/08 0.5500 6.5530 0.5500 0.7310 +0.4810 560,766
