Replies to post #4891 on North American Cannabis Holdings Inc (USMJ)

[bg1641]

It's entirely possible there has been that much dilution since late July.

Roughly 860,470,000 shares have been traded from 7/26 through today.

The new SS, if correct, adds roughly 483,800,000 shares to the float compared to the 422,768,830 float posted on otcmarkets.com


So approx 56% of shares traded since July 26 have come straight off NVAE's printer (if all of these numbers are correct)

sigh...

Can you confirm with the TA the latest floating (906,536,563 shares) and OS (908,804,627 shares)?

[oowster]

Man, 17m shares are squat. $1700 bucks. Daytraders more than likely. Just like the day you proclaimed "5,000,000 dumped so far" in AVEW. That was me and mine only. The ask was too thick with 6m on the bid so I took 'em and broke even and decided to try the 1-2 play if I can get 'em before the next PR.

Heavy volume down here is ambiguous and I would guess traders, MM's passing shares and maybe some dilution too. Just have to roll the dice to buy here or play it safe but risk a low OS count on top of the operational PR chasing game.