Replies to post #24289 on CAVU Resources Inc (CAVR)

[Southern Gal]

Low float IMO means little when there's nearly 1.5 BILLION shares outstanding. The float doesn't change the market cap. And that seems to me to be what's constraining share appreciation.

Will there be new outstanding shares announced when the Q and yearly filings are released? In case everybody doesn't know, 5 weeks ago Robert E Silver tweeted: "Cavu Resources is preparing to announce “ALL TIME RECORD” Quarter and Year." I guess preparations are still underway.

Will the trend continue?:

As of September 30, 2020, the number of shares outstanding of our Common Stock was: 1,411,331,117
As of June 30, 2020 the number of shares outstanding of our Common Stock was: 1,356,596,367
As of December 31, 2019 the number of shares outstanding of our Common Stock was: 1,127,703,895

Perhaps CAVR is the odd man out:

Is a low float stock good?
Low float stocks typically have higher spreads and higher volatility, because of this there is less supply and bigger demand so the price goes up. Stocks with a low amount of float have a constant fluctuation in price making them favorable with day traders because of the increased level of volatility.