![](https://investorshub.advfn.com/uicon/213674.png?cb=1480417277)
Thursday, March 03, 2011 2:06:14 PM
But be aware, the AS number is 960 million. It's my guess that by now the company has put another 200 million or so on the market by way of using shares to pay debt, and it is my opinion that they were NOT restricted, so they most likely were immediately sold on the market. So IMO, the float is now close to 300 million. This may go on util the full 960 are out there.
It has been my opinion that without any good news being issued, the share price will fall faster the the new shares can absorb them, thereby creating a LOWER market value. If anyone cares to look, they will see that in the last few weeks the market value has FALLEN around 40%! It's like the gov. printing its way out of debt, just causes inflation, (in our case a falling stock price per share). I have taken heat from others on the board for bringing all of this up, but I seem to have been proven right so far.
So, to answer your question, WAIT A WHILE, you will not regret waiting.
FEATURED Element79 Gold Corp Appoints Warren Levy to Board of Directors • Aug 28, 2024 9:51 AM
Integrated Ventures Announces Strategic Entry Into Health & Wellness Industry with Focus on GLP-1 Products • INTV • Aug 28, 2024 8:30 AM
ELEMENT79 ANNOUNCES UPLISTING TO OTCQB VENTURE MARKET • ELMGF • Aug 26, 2024 10:03 AM
North Bay Resources Announces Gold Assays up to 2.2 Ounces per Ton, Fran Gold Project, British Columbia • NBRI • Aug 26, 2024 10:00 AM
PickleJar Unveils Latest Venue Managed Services Innovations in Upcoming Webinar • PKLE • Aug 23, 2024 1:11 PM
Element79 Gold Corp Provides Update on Nevada Portfolio • ELMGF • Aug 23, 2024 8:00 AM