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Message: Re: float and short position

Aug 24, 2009 03:19PM

dcbass,

At one point there were about 35m free trading shares out of ~79M total. The recent filing lists just under 150m total shares (maybe this board's home page should be updated?). I get the impression most of the new shares are presently restricted from trading, so maybe the float is still ~35m, of which this board controls ~1/2 (1/8 of all shares).

Where did you get the short position from? Shortsqueeze.com has listed only 100 shares short for quite a while. It would be nice if it were 9.8m, though- it could create quite a squeeze since there may be only 18m free trading shares not controlled by this board.

spiny

________________________

From the most recent board shareholder update:

Total Shares held: Running total:

box927 - 1.7m - 1.7

LongSFMI - 3.2m - 4.9

spiny - 0.2m - 5.1

pmseeker - 4.3m - 9.4

ourigan - 1.5m - 10.9

Mr. X - 0.4m - 11.3

Mr. Y - 1.0m - 12.3

Sinbob - 1.0m - 13.3

Mr. Z - 2.0m - 15.3

dikc6089 - .1M - 15.4

dcbass - .4M - 15.8

Mr. A - 0.03M - 15.83

miwil36 - 0.02M - 15.85

Silver ion - 0.5M - 16.35

Oro y Plata - 0.6M - 16.95

diamondc - 0.1M - 17.05

Majorel - 0.35M - 17.40

speeds987 - 0.1M - 17.50

17.50m/34.6m = 50.6% (!) of the free-trading shares.

17.50m/78.6m = 22.4% of the fully diluted shares now accounted for (11.8% of share count in the SEC filing).

This board controls just more than half the free-trading shares, and almost one quarter of all shares (one eighth based on SEC filing count).


Aug 24, 2009 04:22PM

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Aug 25, 2009 10:31AM

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