Last published o/s is 1.5B - the figure is probably correct as there is no dilution.

So far, in the last 22 days of trading, 3.4B shares have been traded.

12 of those days had volumes above 100M.

Of these, 5 days had volumes in the 236M > 407M range.

The limited amount of shares available are merely changing hands from weak to strong as the people buying now see that the process to complete the reverse merger of the once dormant shell with the multi-$M lumber company is making progress.

That is reflected in the lower volumes around 50M per day.

Of course there are a few opportunistic flippers in the mix as well but these probably have relatively small amounts now as reflected by the small changes seen in cancelled asks when they see they might get a few ticks more.

Be mindful that when the ask is in the 10M>20M range, any individual - including members of the Remuda Group - could take that out in a few 5M slaps.

That would leave bid sitters chasing an ask 2 ticks or more higher than their previous bid.

All the above is just my opinion based on observation of Level 2 action.