The numbers I'm looking at in the trades show 736.4M existing shares were sold today... People either flipped or gave up...that's a typical number lately. It's not high or low...it's average for people selling shares they already have...
The dilution is the difference between that amount that already existed and the 957M that were bought today. 221.4M net shares were bought today. They all had to be accounted for at an average price with t-trades. I can't tell you how long it will last honestly because I have no way of knowing how many are going to be held vs sold... If we are looking at adding 7 billion to the float, meaning all 12B are just dumped in the float, could take 10 weeks or 2... The longer the bid stays down this low and no one is selling the shares they are holding one of two things are going to happen:
Either very little volume is going to move on the bid or more t-trades are going to fill in the gap. No one that bought at .01 is going to sell this low. Not many people that bought at .001 are going to cut their losses and even fewer that bought at .0008 are. The only way you are going to get shares at these rock bottom prices will be if someone just dumps and moves on or if someone wants to drop the price even lower to load up even more than they can at the current level. $0.0005 is still a 20% discount from where we are and a smart buyer sees that. What they don't take into account is that hardly anyone is going to fill that bid because they paid much higher so the only thing left to do to move the stock up or down is dilute... In chasing these sub penny prices everyone is perpetuating the problem lol...
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