InvestorsHub Logo
Followers 75
Posts 7486
Boards Moderated 0
Alias Born 04/18/2006

Re: razorback74 post# 70294

Monday, 11/05/2007 1:38:37 AM

Monday, November 05, 2007 1:38:37 AM

Post# of 92056
The float prior to the split was 1/2 the outstanding shares, because that was all it could be with the authorized share level at that time. Now, who knows what the float is. Like I said HISU could have already issued 4 billion shares to the MMs to sell, you or I don't know. But most likely they have since all they intended/admitted to doing was just that to raise more capital to keep the doors open. They are diluting. In a perfect stock where the company wasn't admittinly diluting then yes we could say the float was 1/2 the outstanding shares before and after the split, but not here. We have been with this company 2 1/2 years and when I started it was about 1.5 billion, and they have been diluting ever since to keep the doors open, and still need to do so.


"To Give Anything Less Than Your Best, Is To Sacrifice the Gift." - Steve Prefontaine