EnviroTechnologies International Inc. (ETII)

[6poundssoft]

Looking at the numbers:
Started with:
O/S structure of 155,857,509
Weighted O/S structure of 195 million shares
*Difference of 40 million shares

The weighted O/S was finally reduced to 170,833,333
*Difference of 25 million shares (195-170)

155,857,509 – 25 million shares = 130,857,509

Also remember that a weighted O/S is harder to reduce especially when you start to get closer to the end of the year since that method of showing the share structure is based on all shares through-out HNSS’s 2010 year. That means that it is very likely that HNSS actually reduced the O/S much more than what the weighted O/S is showing. I feel that could be another 5-10 million shares that management had to retire in order to show a 15 million share reduction in the weighted O/S given that HNSS had 400 million shares for the first 6 months of 2010.

130,857,509 - ~7.5 million shares = ~123,357,509 shares

Lets just say that HNSS reduced it's O/S by 35 million shares. It is very possible that HNSS still has another 35 million shares of its stock (through the final sale of MedBioWeb) that it could retire without having to buy back any of its stock.

That would bring the O/S down to ~85 million shares.