That's interesting....and very revealing.
The o/s has not changed in 3 Q's. As an experienced trader who has seen ALL types, there is much to be deducted from that.
1) BRND has never really needed the open market to subsidize their operations (unlike 98.3% of penny stocks).
2) They're not pump n dump specialists.
3) They're frugle with the issuance of shares.
4) They issue new shares only when they absolutely need to.
Since we have seen nothing less than awesome and amazing volume (with expected subsequent pps appreciation), it draws into question if (or how many) new shares have hit the market?
On the one hand, if no new shares have been sold, we can then easily deduct that MMs filled MANY MILLIONS more buy orders/shares than sellers could have accommodated for. This would explain why BRND has been so manipulated. MMs are scrambling to cover where and however they can, possibly even taking out stop loss orders.
On the other hand, we know the a/s is 250M and since it hasn't been increased, we know the o/s can not be above that.
Somewhere in between, lies the truth.
Now, since BRND has, up thru their last filing, shown frugality in issuing new shares, we can easily assume they've continued this same MO. It would be highly unlikely they would sell the remainder of the a/s, especially when the pps is still quite low, comparatively speaking to where it will likely go.
Also, BRND is likely not required to finance the production of BBV, but rather only the marketing and distribution. This in itself is a huge savings in upfront cash needs.
Since we can clearly deduct that Jorge Olsen is a savvy businessman (stable o/s for 3 q's in a row), it is rather likely that any dilution he authorizes will be minimal, and at the best pps possible.
IMO, there was some early dilution, which took BRND down to .001 area, to finance the very early stages of BBV. And then, additional dilution during this current run, to finance the current and near future stages of BBV marketing and distribution.
Hence, in determining the approx. current o/s, I look at overall volumes, realizing that daytraders may flip the same shares 2-3 times or more in one day, and I look at the overall appreciation.
While the last known o/s may have turned over almost 9 times in the last 6 days, the pps has appreciated almost 19 times from it's starting point. That tells me that while some dilution may have occurred, it has likely not reached anywhere near a maxed o/s.
As I said before, the truth lies somewhere in between 53M and 250M. Given the volume and pps appreciation, combined with the obvious MM manipulation who are likely short a few shares, and the historical frugality of the CEO, my educated guess is the o/s is between 125M and 150M.
This CEO is clearly too smart to unload the whole a/s all upfront. He didn't land Dennis Rodman and BBV by being stupid.
Hence, I'd figure the marketcap from a 150M o/s perspective. The addition of approx. 100M new shares, even to a savvy businessman like Jorge, would be about right. 100M now still leaves 100M for later, when the pps is much higher.
At .022, that'd be a current marketcap around $3.3M.
Likely marketcap peak atleast $15M, if not well above $20M, depending on Jorge Olsen's promo skills and BBV's early market acceptance.
L~
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