i dont know, but mike makes a good point.
but if the float was gone or near NIL, we would be seeing whats happening now.
we would be fighting for each and every share.......where the the BID and ASK rises due to the demand. but if what Mikes says is true (logically makes sense) the float would be irrelevant. but, i still believe their is a correlation.
if the ask and bid continue to climb, we can see a steady and tight bid and ask.