American Business Corporation (ARBU)

[Mr. Bill]

What is the float for ARBU? 581K Float IMO given past 10K filing

Ok so i tried to dig around a bit. It looks like there was a 100 to 1 RS which took the OS from 69.8M to 698K

698K - 116897 (see below) = 698k - 117k = 581K FLOAT

https://www.otcmarkets.com/filing/html?id=5076541&guid=-v1eUeTzDwK8JZh

(1) Based upon the equivalent of 115,770,517 common shares as follows:
(i) 69,870,517 common shares outstanding; (ii) 900,000 common shares issuable upon conversion of outstanding shares of Series A Convertible Preferred Stock, and (iii) 45,000,000 common share voting equivalents attributable to outstanding shares of Series C preferred stock.

(2) Comprised of: (i) beneficial ownership of 11,689,729 shares of common stock; (ii) 900,000 common shares issuable upon conversion of outstanding shares of Series A Convertible preferred stock, and (iii) 45,000,000 common share voting equivalents attributable to outstanding shares of Series C preferred stock.

(3) Does not include the common share equivalent of the 6% Secured Convertible Note that Midwest acquired from Brentwood effective December 31, 2005 of 230,014,713 shares. If Midwest converted that note into its common shares at December 31, 2006, Midwest's ownership of the Company would increase to 83.2%.

(b) Security Ownership of Management. The following information is furnished as of December 31, 2006, as to the number of shares of our Common Stock, $.001 par value per share owned beneficially by each of our executive officers and directors and by all executive officers and directors as a group:

Amount and Nature
Name and Address of of Beneficial Percentage
Beneficial Owner Ownership of Class(1)
---------------- ------------- ----------

Anthony R. Russo
11921 Brinley Avenue
Louisville, KY 40243 - (2) -%

All Officers and Directors as
a Group of two persons - (2) -%

--------------

(1) Based upon the equivalent of 115,770,517 common shares as follows:
(i) 69,870,517 common shares outstanding, and (ii) 900,000 common shares issuable upon conversion of outstanding shares of Series A Convertible preferred stock, and (iii) 45,000,000 common share voting equivalents attributable to outstanding shares of Series C preferred stock.

31
(2) Mr. Russo has been the Chief Financial Officer and acts as a financial advisor to Midwest since June 2005. Mr. Russo disclaims any beneficial ownership in Midwest's 57,589,729 common and common equivalent shares of the company owned by Midwest..