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Re: Toxic Avenger post# 2413

Wednesday, 04/11/2012 11:44:43 AM

Wednesday, April 11, 2012 11:44:43 AM

Post# of 8799
Kezzek, to answer your question, Carl basically owned this company even before he acquired a majority 52% stake. The remaining 48% is in the hands of a concentrated group of Carl's long-time friends and true believers in the brand and the company. These individuals are not looking to sell shares in the open market, and therefore do not need, nor want, liquidity. Why do you think that the bid/ask spread is so wide? Nobody is willing to sell their holdings and the Market Makers cannot find any shares to offer potential buyers. While just a guess on my part, I'd say that the true float in this company is probably less than 5 million shares.

As for leaving shareholders in the dark, why deregister if you want to stay a viable public entity?
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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