There is NO freakin chance that the O/S here is 8.7 million shares. IF we are at or under 100 billion shares, we are in hog heaven, as our market cap at 8 billion would produce $.08 per share (IMO very likely a low estimate depending on diamond find).
I am waiting for the O/S to be reported, then, you can estimate your own thoughts on a fair market cap, and then easily figure what you believe the share price should increase to.
I am starting to believe seriously in the possibility of a company merger, I have also NEVER heard of companies being halted on different exchanges, the trades reversed, and closed for further news. IMO this is a huge signal to what may be brewing. IF IF IF IF there is naked short interest here, a merger WOULD call all shares due, just like going private.
This could easily be the short squeeze of the century.
I'll give you a scenario to chew on, if there is 100 billion shares short, and the shorts shares are called due because of a merger, say at .005 per share, that is $500 million right there. Remember our 19 billion volume day, something like $10 million dollars traded in that day, multiply that day times 50, also remember that we went up 100% that day....NOW multiply by 50, NO ALLOW me....If this scenario occurred, we would be sitting at $.02 without any more investors jumping on the pile...if there are 500 billion short.....$.10 per share.
Let's dream big huh?
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