Posted by: GeorgiePorgie Date: Tuesday, September 02, 2008 7:05:12 PM
In reply to: None Post # of 7121
First things first. Starting with the Financial statement is out of the way.
Then starting from the top of the statement, the O/S is not too crazy at 2,059,086,125 with a manageable float of 854,443,940. Next, the report shows *143 shareholders which gives an average of less than 6 million shares each and the float is held. Over a billion shares are held to secure debentures that are locked up until at least 04/2010
IMO, not too shabby.
Now a little good news in terms of trading progress and we will see some action here.
*note, the 143 shareholder count is from 06/30 and may be higher by now.
