cargo is right. There was a big typo in this :
" And, the 10-K will only say what the Float WAS,
THREE OR MORE MONTHS EARLIER, as of 31dec2008. "
Accidentally , but importantly that ~"False info"
is now easily corrected, as follows, to :
" And, the 10-K will only say what the Float WAS,
THREE OR MORE MONTHS EARLIER, as of 31dec2007. "
The last digit of the quote should have been,
and now is a "7" , and obviously was a typo.
However, we can predict what the actual float will be
by 31dec2008, based on the current trend, and the huge
increase in the 'Authorized' Float, quickly up another 4x ,
to 2 Billion, and still probably counting up, this year.
Also, cargo caught another important critical goof,
on our part. We kinda just assumed that outsider longs
would not actually vote, and especially not vote yes,
to increase the floaters from 500 Million, all the way
up to 2 Billion, while also thinking that the then-current
float was 'only' 100 Million shares.
We shorters should be more careful to Not Assume that
pinky and/or penny longs care about massive dilution, and
frequent Reverse-Splits [per znxt/paim/whatever].
Or 5x-Super-Toxic 'Preferreds' [per swvc, only, so far].
They actually think that it is just the normal + best way to
'finance/cover' constantly growing losses, and delay BK.
And, we shorters agree. And appreciate [with] their votes.
By the way, just curious. When there are shorts, there are
an equal number of apparent extra longs. So :
1] Do the extra longs also get to vote? and,
2] Do the shorters get to vote backwards?
Not that it really matters, since Insiders always control
over 50% of all votes. And, if not, they are very careful
when they recount them, until it all adds up correctly.
Averaging-down is profitable, for shorters, only.
