Not likely Notaguru. You have been around a while
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Posted On: 03/09/2021 9:58:43 AM
Not likely Notaguru. You have been around a while, and you know companies go public with sometimes unlimited shares (i.e.; Tilray, Teledoc). Also, while dark and non-reporting, it is my understanding no new shares can be issued. Thus, the share count should be the listed one billion one hundred eighty nine million shares --- the same it has been for years. Of that number, it is estimated that around 350 to 400 million shares are in the float. The question is, is that float largely locked up by investors. I suggest yesterday's trading indicates the float may indeed be locked. Market Makers took the share price down by three whole cents right out of the gate, and never let it rise more than a penny during the entire day. The result, very few shares were sold. Instead, the bulk of the trading was all buying. This is remarkable trading action by any measure.
So why didn't shareholders get shaken? I suggest there is a strong belief that soon Dalton will reveal the details indicating the strength of the company, and the expectation is that investors will make money.
I suspect investor expectations could be right. I am not certain about what kind of numbers we will see, but it should be a whole lot higher than right now.
Kgem
So why didn't shareholders get shaken? I suggest there is a strong belief that soon Dalton will reveal the details indicating the strength of the company, and the expectation is that investors will make money.
I suspect investor expectations could be right. I am not certain about what kind of numbers we will see, but it should be a whole lot higher than right now.
Kgem
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