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Thursday, March 20, 2008 7:59:15 AM
I just turned the iBox back on to see if there have been any updates.
The Float has gone down?!? That's nonsense. There are only a few ways that the float could decrease: If the company buys back shares from the open market, or an insider buys shares from the open market.
Neither of those two things have occurred.
The float is over 200M shares, for reasons that I have previously posted. Don't believe anyone that tells you the float has gone down without compelling (i.e. Filed SEC docs) evidence.
It's the increasing float (S-8 shares and 506 shares) and the lack of substantive news that is causing the price decline.
Regards
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