Ok I know were not supposed to post alternate stocks on the main board but, I thought this relevant and interesting...
We know LWLG had a fantastic run up.
If we look todays closing numbers for LWLG:
- LWG high today 6.69
- LWG market cap 669.3 MM
- Simple math: 669.3 MM / 6.69 = ~100MM shares
And todays closing numbers for POETF:
- POETF high today .703
- POETF market cap 669.3 MM
- Simple math: 228.7 MM / .703 = ~325MM shares
POETF @ 10:1 (based on today's numbers) will enter with ~32.5MM shares
So if LWLG with 100MM shares ran to a 52 week high of $20.30 on vapor...
What will 32.5MM shares do with real tangibles...?
IMHO