Just perused the share register.
Never seen anything like it.
Here is the breakdown:
Institutions 27%
Public 4%
Owners 69% ( In escrow )
Total 100 %.
The public hold 8m shares in total.
If institutions want this stock where will they get it from ?
To date, 2m shares traded and the price is $3.25.
Pepper Group IPO, page-37
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