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Alias Born 07/18/2006

Re: None

Friday, 07/21/2006 4:17:13 PM

Friday, July 21, 2006 4:17:13 PM

Post# of 169274
OK not trying to bash (I own myself) just a little confused as to the float and some numbers from the interview last night and that's why I waited after the close to bring this up. He said the company has purchased the entire float, but what is his definition of the float? I understand it to be the number of outstanding shares not held by insiders. I thought I heard that they have purchased 100K. Did he mean they've bought back 100,000 shares total, $100,000 or just 100k on Thursday? There's got to be more shares if people were still picking up sizable orders today or the MMs are really selling a ton of naked shares, in which case someones going to lose their arse. All I know is the volume today was cut in half and the stock managed a modest gain which leads me to believe the float has been reduced but maybe not entirely eliminated.
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