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Re: MikeDDKing post# 3600

Saturday, 09/02/2006 1:12:12 AM

Saturday, September 02, 2006 1:12:12 AM

Post# of 5965
In regards to Float ....

Talked with Alan Gelfand .....
On 2/24/06 .. 4pm est

A TCLL DTC report dated 2/9/06 states ...

Public Float ............. 21,400,000 .... DTC Registered

Street Name ............ 24,600,000

Total Free Trading ..... 46,000,000

Float ... 21.4M Open Market Trading ... 2/9/06

Alan Gelfand ... agelfand@telus.net

Phone number .. (604) 916-5000

All Open Market Trading Shares have to be DTC Registered ...

Michael & Joe ... I really enjoy reading your posts ...
Very enlightening clarifications on important issues for shareholders in regards to the 8K ....

Very nice work Michael on your analysis figures ...
Very balanced figures ...
Certain factors of consideration are if 1/8 RS occurs before end of year
this factors into a differant equation on the + Net EPS .....
EPS = +Net / OS ... undiluted on current 10Q
After 1/8 RS = approx 55m O/S ... diluted

Some questions of the factors that I have an appointment on Tues to talk with the attorney involved ...
is the Barron's .08 eps end of year factored up to .64 after the 1/8 RS ...

Certain other points of issue to take into calculated consideration are the 70% of "PROFITS" of N2J are paid to N2J directors compared to the formular that goes from "REVENUE" .. "PROFITS" to "Net EPS" ...
The differance in terms used calculates to differant figures ....




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