Replies to post #33990 on Cannon Exploration Inc. (fka CNEX)

[blademan]

That 270mil is what was added to the float. The free trading shares. A/S isn't part of that group. It was mentioned earlier in a post quoting IR....just because they added those shares to the A/S doesn't mean they have to dump them.

This stock was taken down largly today by retail, panic dumps. If the people that are in around .001 and hold...and we add new buyers tomorrow we all could see very nice gains. The stock still trades very thin...IMO.

[Prodigy]

Will be very interesting to get the numbers from the T/A in the morning.

[d3vnu11]

Also rest assured this stock would have been very near a penny if he would not have sold new shares today and did not change the S/S.

[blademan]

Personally, I don't think those additional shares would hold the stock back. That isn't much for a sub with the potential volume we could see very soon.

[Super Dave]

I think we are going to find out that "cancelled" is not the same as "retired". Edwin basically gave the company $100,000 of his shares to help fund the venture.

I think interpretting the cancellation as a buyback was a mistake.

[mappo]

truthhub - Agree With You.
Printing 270 million shares just like that is not acceptable.
Who knows how many more millions will be printed next week ?
This has gone wild.
You are right to bring out this question.
Thank you.