"Studies show those stocks (as juniors) with large amount of...

"Studies show those stocks (as juniors) with large amount of shares on issue do have problems maintaining support"


Id be interested to read those studies if you have a reference.
Its hard to see why more shares would make any difference on the face of it.
If true perhaps its because there has been many rounds of capital raised with large register, perhaps more disappointments - means people not willing to let their profits ride?