Stock Rancher I think you are right. I can't figure out why this stock won't move. It is like there is an "undertoe" everytime the thing rises that just pulls it back down. I guess you would have to call it profit taking, but yet--unless people on these boards aren't being strait--it would seem that there aren't that many shares still left in the float.
Every "role call" that I have seen on the various boards shows that just those individuals "polled" own over 1/2 to 3/4 of the float. That is usually between 25-30 people. The companies web site shows that there are 71,931,116 share in the float as of 07/26. 115 shareholders of record. That is an average of 625,487 per share holder. At these levels that is an investment of $8000-9000 dollars per person. The math just doesn't add up. I know that there are several of you that own multi-million share positions..
I think that your last post makes perfect sense--unless people are just flipping the hell out of the stock.
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