Silverton Adventures Inc (SVAD)

[wingtrade]

stardugbug good to see you. SVAD is a lotto play plain and simple. right now we have a low float - right around 500 million shares. the O/S number is somewhat misleading because half the O/S is made up of restricted common shares held by the CEO. The reason the price is so low is because of convertible note(s) which were converted into shares recently. there are additional convertible notes coming due in Q4 as well as one or two that are due on demand... the fear factor is keeping the price down. i personally have a pile of shares from the mid trips and I am bidding in the low trips currently... imo we will see a nice bounce here either right before or during the next conversion... but like i said this one's a big gamble, but aren't they all? lol