Let's not forget about the S-1 selling shareholders. They got 207,490,000 shares of stock registered. In the same offering, the company sold up to 30 million shares to the public.
While the offering was open, the selling shareholders could dump their stock at a fixed price of $0.10 per share. We don't know how many succeeded in doing so. Probably the number is very, very small, because those sales would have been private, and would have occurred before the stock began trading on the OTC.
Once it did begin trading, the selling shareholders were free to sell at market:
If and when our common stock becomes quoted on the OTC Bulletin Board or listed on the securities exchange, the shares owned by the selling shareholders may be sold in public market or in private transactions for cash at prices to be determined at that time.
Biscardi was a selling shareholder, but as an officer, there was a limit to how much he could sell at any one time. He owned 126 million shares. So that leaves about 81 million owned by other selling shareholders.
Since the stock has been very, very illiquid till now, those people have been unable to sell. They are the WEAK HANDS!! As soon as they're gone, the SKY'S THE LIMIT!!!
You know that's true. The CEO of bgft isn't a promoter. He would never promote anything bgft. The CEO is a shy private person who is as honest as he is German.
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