Posted by: pink floyd
In reply to: None Date:4/5/2007 2:10:43 PM
Post #of 13422
An e-mail from Keith said that the OS is around 45 million. 25 million in the form of restricted shares. He said the increase in the float was due to restrictions being lifted on aged 2004 & 2005 Reg. D issuances. As usual Keith is about the most shareholder friendly CEO out there.
Posted by: lowman
In reply to: Sup3D who wrote msg# 8340 Date:4/5/2007 12:55:35 PM
Post #of 13422
Yes, the o/s has gone up, but only in the form of new restricted shares, as pay/bonuses, and for a 'soon to be announced' acquisition that I believe is still being 'legalized'.
I'd elaborate more, if I knew more.
However, Keith has assured us that the o/s is capped at 50M. One VERY good reason we can believe this is because dilution hurts the insiders as much as it hurts us 'outsiders'.
Natch, the larger the position, the more it hurts, and insiders have the largest positions here. FWIW
