JNS Holding Corp (JNSH): Yes float is now 9,756,924 per UDHC webs...

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Re: al44 post# 60963

Thursday, 09/11/2008 10:01:59 AM

Thursday, September 11, 2008 10:01:59 AM

Yes float is now 9,756,924 per UDHC website

Aug 4th PR float was 6,557,688 (or 3,199,236 lower)

IMO that's the reason Clayton is personally buying 3 million shares is to ge the float back down to 6 million again

Not quite sure why he is lowering it another 3 million by having the company buy shares but if it's what I think he wants to slowly lower the float to nothing get rid of all the whinners and lock up a low float with a few strong longs to get his share price to a dollar before the end of THIS year.

But again this is just my opinion...

And also whoever was wondering about the last 4 million buy back look at the June 16th pr states 2,142,741 shares bought back and held in company tresaury to be retired (not sure what happened with the rest)

Everyone should add the following to their account - When a client with a margin account requests that we not lend his or her shares to fill short sell transactions, we will place a "loan-exempt restriction" on the account.