Roughly 450 million shares issued in Q2 and Q3 still not eligible or at most 800 million shares in the float at that time. Looking at the chart you can see what heavy buying volume and very heavy promotion on these boards was needed to move to a penny despite the relatively low float. Look back over the messaging volume for this board and understand that the previous speculative fervor is practically gone now.
You can also see from the chart that there would have been little motivation to convert prior to the October 24th press release with the trading price as low as $0.0001. Now there is much less promotion with much more widely known about the lack of product efficacy and dilution in the pipeline. Those shares priced at $0.00017 means that these toxic lenders will make money on the way up and all the way down. Additional selling headwinds now are also those who had nice profits watching them slip away. We also now have new potential sellers who also realize this isn't the jewel they though it was and shift into capital preservation mode. I'm sure that there are many true believers who really loaded up and whos selling could really influence trading in this. Good luck, I see a rough road ahead. 😉
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