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Re: jztechguy post# 6578

Monday, 04/28/2008 9:04:10 AM

Monday, April 28, 2008 9:04:10 AM

Post# of 58976
Jztechguy: You are correct. It is a 15,000:1 RS within one year and there has been no explanation for this radical reduction is the Authorized Shares. The filing stated the AS number as 49,776 shares. Based on that number and prior known numbers I calculated the
Restricted Shares: 25,667 and the Float as 24,109 shares. This is extremely thin and I expect the spread to be very high, perhaps as much a 2 to 3 times the bid price and volume to shrink to less than a few hundred shares, if that, a day.

At least for a pinky we know a lot more than most other RS situations.

I think most of the bookkeeping will have been completed before we open this morning and am very curious as to how this will respond.

Schwab as the price set at .10 a share so I just put a bid in for 5000 at .11 per share, all or none . I doubt I’ll get it as I believe the opening will be at .50.
SharonB