NAFS typically trades about 3-4M shares on an average daily basis.
Yesterday, 149,839,519 shares exchanged hands with a VWAP of .017/share
Today the PPS opened at .0184 and popped to .0209 then had a slow grind of a sell down to .0097 where shares were gobbled up so fast, most traders weren't even aware it lost .01
Today's selldown was on less than HALF yesterday's volume, clocking in at 66,907,723 shares
There are more traders/investors jammed up in NAFS at an average cost basis of .017 - .018 that these individuals will be averaging down once the stock stabilizes and finds support.
I believe the selloff today ALLLLLLLLLLL the way down to essentially where it broke out. is as close to a base as possible and I was loading fistfuls of shares in the low .011s
The OS was updated TWO DAYS AGO and stood at 495,741,665 shares, 206,045,491 of which are RESTRICTED.
289,696,174 shares are UNRESTRICTED but 282,583,204 of those shares are held at the DTC
This leaves a FLOAT of 20,615,448 shares
TWENTY ONE MILLION SHARES
Keep in mind, in TWO SESSIONS we've traded a total of 216,747,242 shares
In TWO SESSIONS, the float has churned 10.51 times
10.51 times!!!
I firmly believe that there are a TON of whale type swing traders that are going to push this up over the next session or two.
Also keep in mind that we are Pink LIMITED but are ONE Attorney letter away from being OTC PINK CURRENT
So we have a decent catalyst to look forward to.
If the company decides to provide us with an update based upon all the attention their underlying equity has garnished, now would be a good time to do so.