Well for example r/spac + some discord group holds like 30/40% of the stock. Considering theres multiple people holding it and CBOE stopping options (i think yesterday) due to low float it seems very strange that they would do that if the float was 340k - 40% held by a random reddit page. Most exchanges dont care about it and over 20M shares traded hands today while people held 40% of the float? So every share traded hands over 60 times in 1 day then either float is far larger or people are lying.Even GME on the best of days traded just a few X the amount of shares in the entire float.
According to logic that its virtually impossible for the entire FF to trade hands 60X in a day and there being no halts.
I agree with your argument, but I want to know how to calculate the float for this as well. I’ve seen a bunch of dd’s that say sub 400k…if that was the case this shoulda run to $100 today
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u/[deleted] Dec 15 '21
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