It's even better than you think. They have like 24 million outstanding, and 20 million of that is three insiders. Now, with the merger, it looks like it will add another 25 million shares, but also add more revenue and a new focus in addition to the drinks we sell now.
I don't know how they traded 4.6 million shares without screaming up MUCH higher. It traded basically over 100% of the ENTIRE FLOAT and yet there were sellers to meet the buys. Makes no sense. We should be higher. All I can think is that the MMs were "making an orderly market" and in doing so they were the ones selling (Short even, if they had to) when the people were buying. Now though, that means that the MMs have to be on the market over the next few weeks to try to buy back the shares to get to a zero balance. Should be good support.
I think this could do like Blue Water Ventures (BWVI) did recently. Reverse merger, new company took over, and then the stock moved over a few months from 10 cents to 60 cents. It couldn't stay up there but a nice move. Slowly over a few months. I see the same potential here, especially considered this stock has been over $1 per share for years in a row, until the last few months when it fell apart because the old owners lost interest in it (IMO, of course). Now, with new owners and a GREAT share structure, I see potential going back up again. A LOT. I bought some in that frenzy this morning, and shall hold those shares for the new team to prove themselves over the next 6 months. See how high we can go. :-)
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