Mcsnacks H TupackMike Hunt:
They are part of the float. How else can a stock with 18 million total float shares and a 100,000 short shares available trade 40 million in volume in less than 2 hours and move up 1.00. In premarket at that
Mcsnacks H TupackMike Hunt:
No they just put the wording in the prospectus so they don’t have to file. Here it is: The Note Amendment also removes the requirements that a holder receive the consent of the Company and the other holders in order to transfer any Note. The Amending Holders constitute all of the holders of the Notes.
Mike HuntMcsnacks H Tupack:
I’m not saying they need consent to sell. But because for one thing they are more than a 5% owner, they have to file with the SEC. We’ll know in a couple of days if they did sell any
Mcsnacks H Tupack : So 53 million shares added to the float. Makes it at around 73 million.
Mike Hunt Mcsnacks H Tupack: Yes, but those shares aren’t being sold so they aren’t part of the float
karnithya Mcsnacks H Tupack: master is it a good idea to jump into it now?
Mcsnacks H Tupack karnithya: They are adding in the extra shares right now. So probably not
Mcsnacks H Tupack Mike Hunt: They are part of the float. How else can a stock with 18 million total float shares and a 100,000 short shares available trade 40 million in volume in less than 2 hours and move up 1.00. In premarket at that
Mike Hunt Mcsnacks H Tupack: They would be considered insiders. They have to file a form 4 if they sell
Mcsnacks H Tupack Mike Hunt: No they just put the wording in the prospectus so they don’t have to file.
Here it is: The Note Amendment also removes the requirements that a holder receive the consent of the Company and the other holders in order to transfer any Note. The Amending Holders constitute all of the holders of the Notes.
Mike Hunt Mcsnacks H Tupack: I’m not saying they need consent to sell. But because for one thing they are more than a 5% owner, they have to file with the SEC. We’ll know in a couple of days if they did sell any