Tuesday, June 08, 2010 5:53:19 PM
Quickest and easiest way for them to get more free trading stock out there is simple, forward split it. 10-1 would make the float 3.8 million. Total outstanding would then be over 1.6 billion though and they'd have to change the divvy ratio accordingly so that is not in the plan or they wouldn't have set the ratio already.
People buying stock on the open market of course are not "investors", they are shareholders...the company gets no money from them.
Investors are those putting money into the company via private placement for convertible instruments (notes, CD's, preferred shares etc)PIPEs funders...or accredited plus some non accredited investors buying stock issued via Form 504 or 506, or S-8 employee incentives. But most of that stock has to be restricted.
It's not just a matter of issuing a pile of free trading shares and selling them willy nilly...can't do it.
We'll see in time how the handle it.
They could forward split it, 10-1 would make the float 3.8 million, that would help.
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