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Sunday, August 06, 2006 7:09:56 PM
$1,148,000.00 approved for repurchase (say @0.00015) = 7,653,333,333 shares cancelled
69,955,000,000
7,653,333,333
62,301,666,667
Now, If insiders hold 65%, then 62,301,666,667 x .65 = 40,496,083,333 insider holding
Float = 35% x 62,301,666,667 = 21,805,833,333 float
Using your analysis, if there are 6,000 ordinary investors with an average of 3 mil shares, then,
3,000,000 x 6,000 = 18,000,000,000 shares are owned by us (ordinary investors), leaving about
21,805,833,333 - 18,000,000,000 = 3,805,833,333 shares (could be possible Naked short or float left for investors to fight for assuming all of the 6,000 investors maintain their shares, i.e. they do not sell)
Company has reduced its total shares issued and outstanding by more than five percent to 69,955,000,000 shares Friday June 16
Company retired and cancelled 300 million shares of outstanding common stock
The now approved buy back of up to $1,148,000.00 of Company common stock will continue to be implemented at the price per share relative to Buyins.net's calculated "SqueezeTrigger."
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