dilution did not end
Probably 400 million added over two day's as i pointed out yesterday.
Diluters where on the ask the whole week.
On april 17 there where 2.1 billion shares outstanding.
On april 28 there where 3.5 billion shares outstanding.
In that 9 trading day time frame there where 4.5 billion shares traded. with 1.4 diluted or 31% of total traded shares.
if we count in the two days we already had after april 28
In those two days we traded 1.3 billion shares.
31% = 400 million added to that O/S
So currently there are 3.9 billion shares in the O/S
Should be close. (what's a 100million shares less or more)
I used this metric several times ,and most of the times its a good guide for where we are right now.
But given the fact that they are diluting this one like crazy i'm surprised we stay flat.
This week we already had $1,244,596 in volume .
That's huge for a stock trading in trips.
This is not only retail buying.
But when dilution ends ,we don't know
Send an e-mail to Tom and ask him ,he should now how much is left to convert.
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