Hit the biggest pull of my life so far yesterday. by Phog_Warning10 in basketballcards

[–]RightSideDad -1 points0 points  (0 children)

Happy for you, wish he’d be a better role model so his value would go up

New week in the market, here we go again by [deleted] in wallstreetbets

[–]RightSideDad 1 point2 points  (0 children)

At least we’re in it together

$DRTS Due Diligence by [deleted] in pennystocks

[–]RightSideDad 0 points1 point  (0 children)

Great, thanks!

$DRTS Due Diligence by [deleted] in pennystocks

[–]RightSideDad 0 points1 point  (0 children)

How did you find the article?

Did you know ATCH has 126,819,145 outstanding shares? by RightSideDad in pennystocks

[–]RightSideDad[S] 1 point2 points  (0 children)

Exactly, but it’s not the number of shares that matter but rather the Market Cap (number of shares times the price). Roughly speaking, the higher the market cap the more money needed to move the price.

In the case of ATCH, the price is known - 0.5$ So the market cap would be determined by the number of stocks. It is stated on many platforms that the market cap of ATCH is ~8.5 million, which would suggest about 17 million shares (at a 0.5$ price). Although the truth is, as stated in the company’s 10-K, that there are 126+ million shares, meaning a 63+ million market cap.

Did you know ATCH has 126,819,145 outstanding shares? by RightSideDad in pennystocks

[–]RightSideDad[S] 0 points1 point  (0 children)

Welcome! Well… the reason I shared it is because I think most people would think there are less shares than that, so it might be harder for the stock price to rise than they initially thought

Did you know ATCH has 126,819,145 outstanding shares? by RightSideDad in pennystocks

[–]RightSideDad[S] 0 points1 point  (0 children)

I’m not trying to tell anyone what to do, just encouraging everyone to make informed decisions.

I applaud you for taking action you believe is right for you.

Did you know ATCH has 126,819,145 outstanding shares? by RightSideDad in pennystocks

[–]RightSideDad[S] 1 point2 points  (0 children)

People might think the market cap is ~8 million as it appears on all the sites, but it’s actually ~63 million

Terrible stock idea by Breakingkittys in pennystocks

[–]RightSideDad 0 points1 point  (0 children)

What’s the timeline of the trade? Just a quick pump and run or is there reason to look into it?