WORST CASE FLOAT: 261 MILLIONS SHARES AT MAX.
AT .30 VALUE SHOULD BE 78 MILLION. CHECK THERE WEBSITE OUT.
LAST YEAR THERE STATED VALUE WAS 147 MILLION WITH A SHARE PRICE OF $2.20. THINK I WILL RIDE THIS ONE OUT FOR A BIT.
With the equity financing in place of $250,000 and wlocd says with a small percentage discount and when this was announced the share price was like .685.
Ok for today lets say they avg was .30 that is the value per share being liquidated. Remember this started when shares were like .685 and now is dropped to .125 I think or close too it.
If you put an avg in that place its actually .405 but lest say .30 per say liquidations. That means the $250000 bucks divided by .30 per share is only 833,333 shares liquid. this stock should bounce and bounce hugely. JMHO. bucks
By the way today this stock Traded 15.33 millions share or roughly 18.4 times the shares needed to be traded. Can you say bounce.
NOW THAT WAS JUST FOR TODAY. Looking back since the first drop there has to be at least another 15 million trades as well.
THIS STOCK SHOULD RALLY BACK INTO THE .30'S PRETTY EASILY IF YOU ASK ME. ALL INDICATORS POINT TO BEING OVERSOLD. JMHO GLTA. BUCKS
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