Float ~600M Per Mr. B on 1/9/08...but if you expand the 800M ESTIMATE margin of error to 20% due to the increased activity and likely flipping during March (the math formula is based on daily volume) the result then would be NO CHANGE.
1/9/08 Smallcap Rap Interview Capital Structure discussed in great detail from 17.55-20.11 of 59.01
At ~19.40: CEO Mike says "1.2B Outstanding,10M Preferred and ~200M Common are held/controlled by myself." Interviewer says, "And you float is about 600M, Correct?" Mike replies, "Yeah approximately."
Archive Page http://www.247mgi.com/archive.php Direct Link (.wma file) mms://wm-ondemand.abacast.com/247mgi/Smallcap%20Rapp%20-%20LLEG.wma
OMG Rick! They must have sold 450M just before the show!:) I hope all you look at for float and share structure is not only an IBox and Pinksheets.com when looking into nonreporting companies. The numbers are out there you just have work for them or agitate someone to the point of transcribing an interview...
Enjoy your weekend everyone!
Read everyone's posts with caution and treat as...
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.