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MrBigz

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Alias Born 01/23/2007

MrBigz

Re: MrBigz post# 31051

Friday, 07/13/2007 7:58:50 PM

Friday, July 13, 2007 7:58:50 PM

Post# of 37013
PennyPusher has been using this formula, from some web site, to calculate the working float of a company (I don't know how accurate it is).

WF= (8 day average volume x2)x1.68


WF= 3,895,851/8= (486,981 x 2)= (973,962x 1.68) = 1,636,256


If the above is correct, then there are not many shares available to be purchased these days.

comments welcome. Where are Alex's 68 million shares? I don't think they are for sale.

last 9 trading days daily volume:

2007-07-13--- 580,364

2007-07-12--- 441,000

2007-07-11--- 523,738

2007-07-10--- 613,782

2007-07-09--- 637,227

2007-07-06--- 185,650

2007-07-05--- 727,625

2007-07-03--- 186,465

2007-07-02--- 809,475



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