Saturday, December 06, 2008 1:56:05 AM
I had to read the statement carefully and think about it.
We estimate that odd-lot stockholders who own less than 100 shares represent over 66% of our record stockholder base but only approximately 0.04% of our total shares outstanding.
.04% of the shares are owned by the "losers". Loser = someone that owns <9 shares and has forgotten abotu them in his/ her portfolio. THat, or soemone that cannot spell.
anyuway.
that number of shares (regardless of whom owns them)
- = .04% or .0004 times (X) 11000000 = .. $4400.
Guess i was wrong. :).
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