Shepo69 The actual shares pre-split exist after the F/S. At some point then, the post-split shares start hitting the market, 32M O/S in this case. The 32M O/S needs to churn thru buys and sells...that's why I mentioned 64M shares. I don't even think we will know how thinly this trades until we are in the teens. The spread will start being .005 to .01 intervals min. Hope this helps.