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Alias Born | 04/23/2006 |
Monday, February 05, 2007 11:58:54 PM
I am in total agreement with you on your response to Varok, and with all due respect to him and his post as he is a great asset to this board, I would take it step further in stating that the true float on INXR is currently 200-500 million shares, imho. The stated float from the TA is 1.4 billion shares but through Tradeswapper's face to face with management we know that they hold 500 million shares between them, bringing the free trading float down to 900 million. Just off the top of my head I recall Verylongvinny stating he was holding 85 million shares and if he was being true, which I have no reason to believe he wasn't, that would bring the float down to 815 million shares. Now, I have to believe that we longs on this board are holding anywhere from 300-500 million shares or more, which would leave only a couple of hundred million free trading shares in the float. I beleive that is the reason why we are inching up and if we get some real buying pressure in the near future fueled by a decent PR then watch out, because we could all come into some serious cash holding INXR, imho. Thanks and have a good night.
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