When you first glance at the SS it might not look that attractive. However, if you break it down further it doesnt look too bad but actually look pretty good for a triple zero stock with stream of revenue producing products.
1. O/S 4.9 bil. Most triple zero stock fall between 2-5 bil with some as high as 10-15 bil. However, 70% or 3.43 bil of the 4.9 bil is restricted and are owned by the 3 founders. This bold well for us since insiders own 2/3 of the company and would be in their best interest to see the pps go up. It does not give them any incentive to dilute and drive the pps to the ground.
2. Float is only 800 mil shares. yes just 16% of the O/S is tradeable. However if if anyone follow this stock last few weeks you will see that this trade like the float is only 150-200 mil. How often can a triple zero stock uptick on 1-2 mil shares? I've seen 3-5 mil smack on the ask and it uptick 1-2 ticks. Most triple zero stock out there will require 50-100 mil trading volume just to see 1-2 ticks. From looking at the trades I strongly believe that 50-60% of the float is either held in strong hands are somehow restricted too. Most triple zero stocks has a float of 1.5-3.0 bil.
Overall, this stock move very thin on any kind of buying pressure. With a pr to update sales or new contracts this stock can see 100-200% gain in 1 or 2 days. I think loacking the float down in this channel is a sure way to make some profit down the line.
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