More shares on offer makes the stock easily manipulated, and...

More shares on offer makes the stock easily manipulated, and also makes sp gains slower and harder to keep.
Think of it this way, a stock with 100mil shares on offer, once divided between directors, instos and long term investors etc. there’s only a smallish amount that can be traded on the market, meaning less supply on a good Ann meaning easier large gains in sp price. Compare that to 1.5bill shares on offer, there is a ridiculous amount of shares able to be traded on a daily basis, and many people holding millions/tens of millions of shares. A couple big holders get good profit and dump their shares and the sp gets a big wack eg. the pump and dump that’s happened twice over. Although pump and dumps aren’t rare, take a look at nearly every penny stock on the asx and the charts look similar in ways to QBL’s, don’t be scared off by the chart.