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Saturday, November 20, 2010 12:20:14 PM
The fact that some can buy and sell shares at will shows the float is not tight and there is no real pressure on the stock price.
This went to .03 on absolute hype and since then it has been suggested that the float is tighter and yet the pps is about 66% less than the hype generated share price that was achieved just by saying the float was tight.
You see, in the penny market there is hype that runs a share price for a short period of time but then reality always shows itself and the share price moves to a realistic level.
The float here is not tight. 98% of the float is not tightly owned and that is evident in the stock price. There may be some people out there who are fluffing up their holdings. And I see a group selling stock into this purported "FLD" play.
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