IGSM - What Happens When The Float Disappears

For those of you new to penny stocks "the float" refers to the shares that are available for trade. This is the most important figure for a penny stock trader and one that is relied upon to make trading decisions. According to a trusted subscriber IGSM has 199 million shares in the float. Over the last 5 sessions IGSM has traded 230 million shares. Essentially the entire float has traded hands more than once over the span of a week. This is a pressure cooker that is about to blow its lid.



On September 22nd IGSM came out with their first press release in almost a year. At the same time they posted financials at Pink Sheets. The company is starting to dot their I's and cross their T's, which has drawn investor interest. With only 600 million shares authorized and a publicly traded float of 199 million investors know just how big a slice of the IGSM pie they have with each purchase. If I had to guess this IGSM pie has one small piece in the corner and a bunch of crumbs. After that the pie is gone.

What I am trying to say is the float for IGSM is likely gone.

What happens when the entire float is gone? What if all the shares in circulation are being held by investors? Have any of you witnessed CDIV, EIGH, or other stocks where the tradeable shares are accumulated and held? These stocks were at IGSM's sub $.002 price before they started to rally. I even brought EIGH to my readers attention this time last year when EIGH was at $.0012. It hit a high of $.42 today! A $120 investment in EIGH when I called it last year could have been sold for $42,000 today!

My point is that once these stocks get accumulated there is literally no telling how high they can go. The proverbial moon shot is not that far fetched.

IGSM is not just a low float accumulation play, it has a lot more going for it. The company is in the final stages of becoming fully reporting. Transparency is a big positive and should draw more investor interest. The company has acquired a Television Library of Programs and IGSM also offers a suite of E-Learning products as part of its Digital Services.

I've seen this type of accumulation many times over the years and with each instance the stock roars higher as the demand meets a lack of supply. Could this be the next EIGH? The chance is there. The float and low share structure offer a great opportunity for investors.

Add IGSM to your watch list. This will be a stock to watch in the weeks and months ahead.