InvestorsHub Logo
Followers 1012
Posts 91452
Boards Moderated 8
Alias Born 04/01/2001

Re: ohiobuckkeye post# 110993

Friday, 10/06/2006 12:44:03 AM

Friday, October 06, 2006 12:44:03 AM

Post# of 311068
I am not an expert but I believe that have made a claim against 25% of the company so they have laid claim on 200M shares of stock. (JMHO) My mathematical pea brain says they can buy as much of the available float as they can until they reach 200M...We know that there aren't that many free trading and even at 125M it is close to capturing all the 138M in the public float. So no they have not been able to buy all their shares...Also then there is this mysterious 50M share arab buyer (I think it is wessal) but if it is not then some of that 162M restricted is either opening up or they are snagging the shares as they can from weak hands...This is why I say there are not enough shares out there...It isn't a hard play to shake some from the penny mentality player...time is a good tool for that...

All I can say that if all this is real then we can expect buyers at this level and all the way up...But sooner or later thare will have to open the float up to increase the liguidity for institutions and of course forward split at some point...


Make the entire world your Oyster

Boxing - Resurrected ... #board-10274
Let's Talk Basketball .. #board-31