Indeed, finally we are witnessing very good volume for RFMK; about 20% of the float trading in a single day I would classify as a very strong move. Sub penny PK stocks though can have monster volume days wherein half the float or greater changes hands, it is rare but I have seen it happen. So even though this was a historic volume trading day for the stock, it is possible to see greater than ~20% of the float trading hands in one session. I think it has been rather obvious to all over the last several months that the float is much larger than the average number of market participants willing to be active in the stock on a daily basis with an average sized position, however what is not so obvious is where the RFMK story is going and how much investor exposure RFMK the company could get in the coming weeks and months VERSUS the size of the float. I think many are quick to judge the here and now and assume that the typical low volume will always be not enough to move the PPS but IMO they do not take into account the potential for multiple times the investor base the stock has now to come rushing in at any time and lock up the float. Last time I checked there were only a few hundred shareholders of record in RFMK. If RFMK filed the audited 10K and got uplisted along with other positive company news which made a ton of new investors see RFMK as a good investment opportunity then there is no way to predict the power of any future moves in the volume or PPS. Just my opinions.
GLTA
$RFMK
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