The "float" is that portion of shares that were so
Post# of 41413
Posted On: 07/09/2014 1:39:14 PM
The "float" is that portion of shares that were sold that can be traded on the open market.
If a whale has 800 million shares on a pretty little certificate in his draw, those shares are not part of the float.
I believe the last time I saw the float it was listed as just about 1 billion shares, and as I have no urgency to sell, I consider the float to be more like 700 million.
Now, keep in mind that anyone who buys on the open market buys free floating shares - and if they are only going to sell say half of those shares and then hold onto the rest, than the real float is even further reduced.
Anyone who owns shares and is going to wait for BLTA to go to 50 cents or more can also be effectively removed from the float if BLTA is trading at just about say 10 to 20 cents at the time.
In other words..........comes October 1st.......the float might only "realistically" be about 400 milion shares, and if the volume is demand driven at 100 million shares per day - well - that pps should be moved up very quickly!
(Also, someone who buys in at 10 cents is unlikely to sell the next day at 11 cents. He might more feasibly wait a week or two and try to sell at 15 cents or more - so he removes those shares from the float for the time being and the number of avialable shares to trade as part of the floowing days market could even be further reduced!)
Supply and Demand. As the demand increases and the supply decreases, the price of a share of BLTA could actually skyrocket (think about how much people are willing to pay for a hotdog at a ballgame: there is only one supplier - no competition, no other suppliers - and it is the seller of that hotdog that can set the price!)
If a whale has 800 million shares on a pretty little certificate in his draw, those shares are not part of the float.
I believe the last time I saw the float it was listed as just about 1 billion shares, and as I have no urgency to sell, I consider the float to be more like 700 million.
Now, keep in mind that anyone who buys on the open market buys free floating shares - and if they are only going to sell say half of those shares and then hold onto the rest, than the real float is even further reduced.
Anyone who owns shares and is going to wait for BLTA to go to 50 cents or more can also be effectively removed from the float if BLTA is trading at just about say 10 to 20 cents at the time.
In other words..........comes October 1st.......the float might only "realistically" be about 400 milion shares, and if the volume is demand driven at 100 million shares per day - well - that pps should be moved up very quickly!
(Also, someone who buys in at 10 cents is unlikely to sell the next day at 11 cents. He might more feasibly wait a week or two and try to sell at 15 cents or more - so he removes those shares from the float for the time being and the number of avialable shares to trade as part of the floowing days market could even be further reduced!)
Supply and Demand. As the demand increases and the supply decreases, the price of a share of BLTA could actually skyrocket (think about how much people are willing to pay for a hotdog at a ballgame: there is only one supplier - no competition, no other suppliers - and it is the seller of that hotdog that can set the price!)
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