Gunther Grant currently has one of the lowest tradable floats on the OTC. With only 108,553,765 available in trade.
Most OTC rely on selling just shares to sustain their business operations having no revenue or produts other then exploring or attempting to create a business. GNGR actually creates, manufactures and sells products which is one reason GNGR does not have a large float.
Since companies that rely ONLY on selling shares to make money, they have to have a much large float with a share price that is well below 1 cent and usually fractions like $.0001 cent (more or less). The idea when selling just shares to generate capital is sinple to understand.
The lower the share price the more shares the company needs in the float to make any significant sales of the stock.
If GNGR stock were to be at what many OTCs stock price are such as $.0001 cent, GNGRs entire float of 108,553,765 could be purchased for only $10,553. If that were to ever happen I would quickly elect to have a compay stock buy back and the compay GNGR would own all the free trading shares.
SO how does an OTC public company that makes NO products or revenue make money? SIMPLE! They have a large float sometimes in the billions of shares trading at less than one cant and often seen at $.005 +-. that half a penny does not seem like much BUT when an OTC sells 5,000,000,000 (5 billion) on a positive PR or news release, those 5 billion x 1/2 a penny add up to $25,000,000 (twenty five million dollars) and since most who do buy the stock say "HAY" whats $500 for 100,000 shares (believeing they MAY rise up to $.50 cents and they will make $50,000 on a $500 investment). To this day I have NEVER seen this happen.
GNGR float is so LOW and since GNGR makes money selling products not just shares like most OTC companis, GNGR seems to be in a holding pattern. Wtih not enough shares to sell cheap to make $millions, GNGR needs to do one of two things.
A- Add billions to the float so people can have orders filled on a lower price creating liquidity and movement interest and at the same time cause GNGR price to drop drastically.
B- Keep focusing on expansion and sales and revenue by selling actualy products not shares of stock.
B is the obvious choice however there are initial share holders who own GNGR as a much higher price with the highest price seen in 2012 at $.23 per sahre. If GNGT were to go back to that 2012 price without adding shares to the float, GNGR would be acting more like a larger NASDAQ company with low float and higher share price and revenue based on sales.
SO how does GNGR get the interest from the OTC which historically attracts mostly buyers who want to own 1,000,000 shares for $.0001 ($100) with the hopes they rise to $1 and they cash out with $1,000,000 on a $100 investment? Even at our current price GNGR is way over prived for most OTC stock buyers who simply want millions of shares for $100.
Since most of the OTCs that only sell shraes to make money and people continue to flock to those OTC shares even though most of those companies have no revenue and post millions in losses, they simply gamble $100 in case one hits $1 they will make $1,000,000. Its more of a horse race long shot and any data or corporate structure is almost always over looked.
Companies that sell 1,000,000 shares for $100 send out an email to millions saying get in NOW before we possibly hit $5 per share. And so 50,000 people more or less will shell out the low sum of $100 for that dream (like a lotto ticket) its only $100 out of your pocket BUT the stock seller who sells $100 to 50,000 people makes $5,000,000 all for shares of stock that are wortless unless you can resell them. But again its ONLY $100 but most would be better off buying the POWER BALL lotto tickets.
GNGR has choices, being profitable, expanding and making and shipping items and not focusing on the stock itself.
Many in the OTC inustry asked me dozens of times
"If your not a large float low priced stock using hyped news and intent to sell shares to raise millions, why are you public?"
The fact is, the OTC stocks that sell below 1 cent seem to mostly take that position and can't understand that GNGR is legit, makes products that sell worldwide and does NOT sell shares to make money. Its just way out of the norm to be an OTC company that actually makes items that sell other then just shares of stock.
GNGR has a low float and many including myself know its TO LOW. GNGR needs to add shares in order to have orders filled. Brokers cant sell what is not available like any product. GNGR has additional shares (restricted) and 189,000,000 free trading that can be sold or used as barter that can be deposited and not subject to 144 restrictions. Adding 189,000,000 to the current 108,000,000 would put GNGR at about 300,000,000 float which by OTC standards is still very low.