News Focus
News Focus
Followers 4
Posts 665
Boards Moderated 0
Alias Born 01/31/2004

Re: Mariner* post# 756

Monday, 02/26/2007 10:50:28 AM

Monday, February 26, 2007 10:50:28 AM

Post# of 119179
The shares OS info is NOT from Oct 2006. The link in that post was in answer to the previous post. The rest of the info in my post was up-to-date (within a couple of weeks) shares O/S, R/S, A/S and float information... straight from the TA, who by the way is not gagged.

Here is the info again (dated Feb. 10):

Previously, SEVI had 705 million shares outstanding with 272 million of those restricted. However, they've issued another 20 million shares in the last couple of months (almost certainly these are related to their stock option incentive program). So, increasing the above outstanding and restricted shares by 20 million and you get:

725 million shares outstanding
290 million shares restricted (approximately)
and therefore the float is:
435 million shares float

I own a substantial number of these shares, and since I won't be selling for a very long time, you can effectively take me out of the float. Plus, I know several other long term investors who have multi-million share investments. Conclusion: the effective float is well below 400 million. The current market value of these shares is a paltry $600k or so... this for a company doing well over $1 million in revenue PER QUARTER. Obviously, any serious news could easily result in $600k of dollar-value volume in a single day... ie SEVI's stock could easily soar.

Good luck to everyone.

BTW, the total Authorized shares is only 750 million, so extensive dilution is not currently an issue. However, that could change if they reach some kind of refinancing deal to get rid of their toxic financing (which is why the stock price got creamed in the first place... it really has nothing to do with the company's operations.) Such a deal would instantaneously make SEVI's stock worth much more than it currently trades at.

Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y