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Re: defireman post# 37063

Monday, 12/10/2007 4:05:08 AM

Monday, December 10, 2007 4:05:08 AM

Post# of 72325
According to you, RH is printing up shares, increasing the O/S count, selling them into the market either directly or indirectly, increasing the float.

He is cancelling 13,975,000 shares from the O/S count on or before December 15th, 2007. According to my calculations, that will put the O/S at or near 85M, with a float of around 44M. Anytime a pinksheet company was increasing O/S, and selling into the float, the O/S kept increasing. I have never seen an O/S count reduced with a float increasing, how do you explain that? Are you worried about a total O/S of 85M?

Can you provide any examples of a pinksheet or other company that is printing up O/S, selling them into the float and then cancelling restricted shares that remain, to reduce the O/S back down to before they increased? Wouldn't they eventually reach a point where all restricted shares are gone and they all end up into the float?

Disclaimer: You are completely responsible for your own investment decisions and who and what you believe on the boards.You are responsible for properly analyzing and verifying any information you choose to rely upon.
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