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Message: HIGH OUTSTANDING SHARES GARBAGE

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mrbubba

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HIGH OUTSTANDING SHARES GARBAGE

posted on Dec 30, 10 03:42PM (Log in to use the IP Check tool) ^[?]

I've heard lots of folks around here talking about how a stock won't move very well when it has a high number of outstanding shares. PLE has some 200,000,000 shares outstanding.

Well, just take a look at one of my favorites, Medinah Minerals (MDMN) in the last few days. They have some 600,000,000 shares outstanding and the share value has tripled in the last few sessions (from 4 cents to 12 cents). It can and will happen - when people believe in "the story."

When the accord is announced and permits obtained, this baby will take off like a rocket too.

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