Shot Spirits Corporation (fka SSPT)

[moosegringo]

OOOOOK

Sometimes I think that some people here shouldn't be speculating.

Low float means that there are only a few shares in public hands that can be traded. The lower the float, the greater effect of (any) earnings will be on earnings per share. This is a two-edged sword as when there are less shares to trade, the stocks tend to be more volatile - both up and down. Generally though, the lower the float the better (IMHO) since if there is any demand for the stock, the resultant move can be large.

Caveats: 1) significant earnings with a pink sheet stock are rare; 2) pink sheets are notorious for diluting the share base by selling more shares into the market at any time to raise cash; 3) the actual "float" is frequently hard to verify - even if you call the company or the transfer agent; and 4) no, it doesn't necessarily mean that the stock will go up