Nymet Holdings Inc. (fka NYMH)

[quixopixs]

Regarding stock floats....

The companies tend to have smaller public floats and lower market capitalizations, allowing for more upside potential when a company achieves success. Smaller public floats lend themselves to greater volatility to both the upside and downside. Penny stocks which trade on the OTCBB and Pink Sheets are generally not marginable. This has two advantages to the individual investor- you cannot over leverage your account and individual investors cannot short the stocks which helps alleviate selling pressure.
In the past the OTCBB and Pink Sheets had a reputation as a haven for scam artists. The recent changes in the qualification regulations and the stringent review process the SEC has placed on Companies in order to maintain their listings at the OTCBB has helped clean this problem up considerably. Today, even the smallest of OTCBB companies is subject to the exact same reporting requirements as Microsoft or General Motors, and this is resulting in a much greater flow of institutional participation in penny stock investing.

http://www.microcapmomentum.com/penny_stocks.html

Float reporting requirements;

http://www.cooley.com/news/alerts.aspx?id=246003

5. Does a company have to disclose its public float for its most recently completed second fiscal quarter?
Currently, companies are required to disclose on the cover page of their annual reports on Form 10-K their public float as of a date within 60 days before filing. The SEC is now requiring every company, regardless of whether or not it is an accelerated filer, to disclose its public float as computed on the last business day of the company’s most recently completed second fiscal quarter. Also, to clarify further a company’s filing status, the SEC is requiring each company to check a box on the cover of its quarterly and annual reports to indicate whether it is an accelerated filer.

I think its all right there.