Replies to post #338047 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[SRV-90]

Most people often mistake that number for the actual amount of shares available when it's simply a count of how many trades occurred.

For example....

Say I bought 2M shares and sold them two weeks later then bought more and sold again. That will show as 4M shares...

So, you have multiple amounts of people flipping shares which creates a larger amount of shares traded.

So, in essence that number of shares traded has NOTHING to do with the amount of shares available from the company

Common error by many noobs

[alien42]

50 billion - 5 Billion still leave 45 billion unaccounted for.

first of all your numbers are wrong.

second is that a single share can trade dozens of times in a single day. that is the nature of high volume penny stocks which are heavily flipped.

the formula you are trying to create isn't possible without far more information which is not publicly available.