Something not widely spoken about is that the approximately 300 million shares directors own collectively represent just under 30% of the registry.
I haven’t seen the updated Top 20 report, but if we’re still sitting at at least 60%, that means only about 393 million shares, or $3.1 million of our current mc are available for trade.
You can bet that the directors won’t sell, and Im guessing a few current Top 20 holders are in it for the long haul.
This suggests that the recent price drop over the last couple of months has been driven by smaller holders wanting out on low volume. Also means that on a high volume event that it'll fly.
ENV Price at posting:
0.8¢ Sentiment: Buy Disclosure: Held
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