X1 Entertainment Group also trading in the USA since yesterday

X1 Entertainment Group (CSE: XONE - WKN: A3DXAS), a Canadian gaming and media portfolio company, became tradable on the OTCQB in the US yesterday (XOEEF). Mark Elfenbein, CEO of the company, said, "Listing on the OTCQB will provide easier access for U.S. institutions and retail investors. It is also expected to increase liquidity and broaden the company's shareholder base."

Since the IPO on the Canadian Securities Exchange, some investors who had previously bought low-priced shares in the financing rounds have resold their shares, depressing the valuation. The share price has since rebounded, suggesting that these "Weak Hands" are no longer invested.

Since listing on the CSE just over two months ago, the company has traded over 3.5M shares on the open market. Given the large amounts of volume since IPO, is likely that there is a very little amount of X1 Entertainment shares left in the free-trading float for sale, meaning the stock will be subject to high volatility and could gap up very quickly.