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Re: hunchboy post# 5019

Sunday, 07/19/2020 2:31:42 PM

Sunday, July 19, 2020 2:31:42 PM

Post# of 7369
According to the Form 10, the public float is 85 million- however, when going back to the last 10-K filed in 2009, there are another 10 million shares held by former management, none of which are above the 4.99% threshold due to the increase in OS size- so technically - they don’t have to report them. That leaves us with a float somewhere around 70-75 million. However, judging by how thin this trades, I’d say half of that is locked and loaded by people in the know for much much higher prices. I’d love to see why management requested an expedited registration from the SEC. My theory is they want to take advantage of the $34 million in NOLs they have- best of luck to you.

idleness is the only refugee of weak minds