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But look at their *unique* definition of "float":

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Stock_Barber Member Level  Monday, 07/15/19 09:55:27 PM
Re: Lemmiwinks post# 18049
Post # of 19593 
But look at their *unique* definition of "float":
Quote:
2 “Public Float” shall mean the total number of unrestricted shares not held directly or indirectly by an officer, director, any person who is the beneficial owner of more than 10 percent of the total shares outstanding (a “control person”), or any affiliates thereof, or any immediate family members of officers, directors and control persons


This is the actual definition:
Quote:
The term float refers to the regular shares a company has issued to the public that are available for investors to trade. This figure is derived by taking a company's outstanding shares and subtracting any restricted stock, which is stock that is under some sort of sales restriction. Restricted stock can include stock held by insiders but cannot be traded because they are in a lock-up period following an initial public offering (IPO).


See the HUGE loophole with the *special* definition that they use?

They are NOT counting a large number of shares that SHOULD be included in the float! i.e. It is a FALSE float number!

All insiders and their families' holdings of unrestricted shares aren't counted!




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