Friday, March 30, 2007 4:20:20 PM
i still can't get the math on those share structures.
March 21 per TA:
Total Free Trading Shares: 539 (of which 398 are held by CEDE & CO)
Now March 22 PR:
so my math is: 839 - 300 = 539 <-- number per TA
Waiting: 539 - 94 = 445 after cancelled
445 - 200 (to be in certificate) = 245 will be left in float.
HOW did they come up with current float to be 115 millions?
Of the approximately 394 million shares to be cancelled, approximately 300 million have been confirmed by the transfer agent as cancelled and retired. An additional 200 million electronic free-trading shares, are in the process of being re-certificated to bring the current float to 115 million as announced on March 12, 2007. The company is awaiting receipt of approximately 100 million additional shares for cancellation.
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