The O/S for GIG is 44.1 mil and it is most likely growing imo but at what pace I don't know. Keep in mind that they filed an S-3 for $50 mil on 11/23/15 that went into effect on 12/09/15.
No doubt that most everyone is aware of that, including institutions. So the float depending on institutional buying and holding in their ports remains a question.
Still, I'm not concerned. The $3.00+ may or may not come soon. Perhaps the upcoming investors conferences will bring even more interest. I believe the Roth is next week, the 13th - 16th.
It popped through first resistance today but pulled back. Rarely imo, unless there is significant news will it get through and stay through. Think of it as a battering ram. Its' got to pull back and gain more strength and volume today was about 100,000 under it's 10 day average. Tomorrow is another day.
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