Quote:
Originally Posted by TisMe
Once someone starts buying it's no longer a piece of shit. You'd create the market for the shares by buying them. Plus the amount of shares in the public float is almost never enough to gain control of the company.
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That makes sense but I was thinking that a lot of these companies end up selling most of their shares into the market, so don't most of them end up being out in the float?
I read that they can do reverse splits, though. So that took care of that idea. And- like you say- if I went trying to buy the float up, the price would go nuts.