Oct. 6 at 2:22 PM
$SLGL Up another 30 percent today. This is the ultimate no float common stock. With 2.8m shares outstanding, there are 70 percent held by insiders, and 25 percent by institutions. (18 percent by a Phoenix Financial, and 4.5 percent by an Israeli insurance company.) That leaves 5 percent actual public float - 140,000 shares. With 20 to 30,000 shares trading each day, that is an amazing share of the total actual float.