Wednesday, October 04, 2006 3:46:29 PM
The Float is around 135 mil shares
The Float is the shares the Co does not control in one way or another!
There are a number of FTDs "Failed to Diliver"s
Some of the FTD are from general daily transations and can be cleared up over a week or two!
Some FTDs are From other, grandfathered SEC brokers, who have not intention of clearing this is called naked shorts!
There MAY be 1 to 3 times the float in FTDs or from 100 to 300 mil FTDs which would give an electronic float of 235 to 434 mil shares being traded.
Unless you hold a CERT, you may be holding an FTD.
No way to tell, and the SEC will not release the INFO on FTDs.
If this stock goes past .40 a share the naked short will have to cover this could send the share price soreing maybe past $10 a share, if 3 X float, $5.00 if 2 X float and $1-3 at 1X float!
If there were no FTDs the price would slowly rise over time and not spike!
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