To wannbe & george...
It was from this statement from george's original post where it seemed he was saying the street owned float was 50 billion (the other 2 billion he asserted was owned in certs), and the 50 billion would be bought back at .0002. I'll repost it just so you can see what I am referring to. It was for this reason that I offered my thoughts of what the likely ending will be if our float is only 52 billion.
If I am mistaken in how I interpreted this, I will take a look at any clarification when I get back or tomorrow. I enjoy discussions like this very much, because such a scenerio is feasible. I'm sure there are many additional thoughts from others as to the benefits of a low float.
I had just assumed from reading from the quoted part of george's post below that he felt CMKX would buy back the float he is projecting (50 billion) for .0002. It still reads that way to me..lol. I interpreted "kill the float" as meaning the 50 billion would be bought back by CMKX in order for them to go private. I was just saying in my post that at a float of 52 billion,
we will see many good things happen far more beneficial to us than an .0002 buyout. : )
I listed just some of those benefits in my post.
Bo : )
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from george's original post:
"IF the ACTUAL FLOAT is 52 Billion and Cert holders have 2 billion, then the minimum the float that CMKX can buy it back down to is 50 billion. CMKX knows how many individual shareholders have certs via the audit at the transfer agent.
How does CMKX afford to buy back 50 billion naked short shares and KILL THE FLOAT? 50 billion x .0002 = 10 million dollars. St. George Metals Inc, just so happened to pay the company 10 million dollars. UCAD gave us money too."
AI
