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Re: Gregory_ post# 5355

Monday, 09/10/2007 1:04:24 AM

Monday, September 10, 2007 1:04:24 AM

Post# of 41960
I'd add one thing to that Gregory. The float is only 50% of the O/S or so. We know 50M of that went to someone early on to get the Woman's Key(?) or some other contract.

That still leaves a lot of restricted shares. I think Wilf has a bunch of these. I think that was where part of the last batch of 50M shares sold came from. I may not have it quite right, but I thought he returned a bunch of the restricted stock to the company. So my point is there may be stock to sell to fund operations for a while longer than the 3 months.

Of course, that changes little. More share to sell into the float is hardly a positive thing.