Share Structure - As At April 12, 2019: Authori
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(Total Views: 259)
Posted On: 04/13/2019 4:39:09 PM
Share Structure - As At April 12, 2019:
Authorized Shares: 200,000,000
Outstanding Shares: 41,935,592
-- Restricted: 6,745,868
-- Unrestricted: 35,189,724
-- Of which held by DTC: 33,280,538
Analysis:
Only 33M shares available at the DTC.
That explains why $OTTV is so thin to the upside.
At the current rate of trading - 1.895M per day on April 12, all shares would change hands within 18 days.
Many of shares at the current basis upwards are held by the legacy pre-r/s share holders who - if they are smart - will buy more shares in the .2200 to .6000 range so that they have a greater number to trade with going forward. The sooner they buy, the more shares they can get for any given amount of $.
They can then convert those new shares to "free" by selling the pre-r/s cost basis shares once they have gone into a conservative profit.
That's exactly what those following my strategy for trading successfully through a r/s have been doing from the bottom up already.
Authorized Shares: 200,000,000
Outstanding Shares: 41,935,592
-- Restricted: 6,745,868
-- Unrestricted: 35,189,724
-- Of which held by DTC: 33,280,538
Analysis:
Only 33M shares available at the DTC.
That explains why $OTTV is so thin to the upside.
At the current rate of trading - 1.895M per day on April 12, all shares would change hands within 18 days.
Many of shares at the current basis upwards are held by the legacy pre-r/s share holders who - if they are smart - will buy more shares in the .2200 to .6000 range so that they have a greater number to trade with going forward. The sooner they buy, the more shares they can get for any given amount of $.
They can then convert those new shares to "free" by selling the pre-r/s cost basis shares once they have gone into a conservative profit.
That's exactly what those following my strategy for trading successfully through a r/s have been doing from the bottom up already.
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"Per Ardua Ad Astra" - "Through Adversity To The Stars"
A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.
A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.