Saturday, October 06, 2007 1:42:21 PM
I don't believe Rosetta Stone is an insider. The 13G had to be filed when greater than 5% ownership was acquired. Although Rosetta's 1.5 million share ownership does throw the 1.5 million float number into question.
Float is sometimes defined differently and the float I quoted was from Yahoo! Finance. I believe Yahoo calculates the float by subtracting all insider ownership from the outstanding shares. I think they just process the all the forms 3, 4, and 5 and come up with a number for insider ownership and then subtract that from outstanding shares. I could be mistaken, though. I've never looked too deeply into it. I know that often Yahoo is mistaken in the numbers they give, either being out of date or by mechanically deriving some of their numbers when doing so is inappropriate.
Float is sometimes defined differently and the float I quoted was from Yahoo! Finance. I believe Yahoo calculates the float by subtracting all insider ownership from the outstanding shares. I think they just process the all the forms 3, 4, and 5 and come up with a number for insider ownership and then subtract that from outstanding shares. I could be mistaken, though. I've never looked too deeply into it. I know that often Yahoo is mistaken in the numbers they give, either being out of date or by mechanically deriving some of their numbers when doing so is inappropriate.
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