they have bought them back, that would decrease the float already even if it did not decrease the O/S
So the float has become smaller. Now the price can move with volumes of only 1million, compared to previous times when 20million volume can only move the price the same amount.
So I think the float is smaller, but the O/S is still the same as they have not retired these shares.
There is no PR for 3 days already. I think the company wants to stop releasing their sales data too frequently as ppl on many boards are commenting that the company is pumping its stock. So now we are going on days with no news of how many they sold in August. Perhaps they want to surprise us.
So far for August they have sold to BJ warehouse and Sears Canada, so I think they could sell about $10mln already.
Why are they not announcing it? I predicted sooner or later they would have to cut down on their PRs. Its too much. You don't see microsoft or apple or 3M announcing their sales figure every 10 days, do you?
Guess this company is going to go really big now. The NFL season is going to start soon and SPONGETECH publicity is going to increase by a lot. With more than 100mln viewers, this is a great publicity stunt.
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