Wednesday, October 06, 2010 1:38:26 PM
I understand the Float may only be 77,xxx,xxx shares but the total non-restricted shares is 138,824,700 which were accounted for.
The audit is being verified against 138,824,700 and the information and the conclusions that I drew from the PR is as follows:
1) There were a total of 545 accounts audited with their holdings being 82,745,008 - this was their sample audit.
2) Out of those holdings, 29,581,931 were unaccounted for and thus, effectively naked short sold into the market.
3) The naked short ratio that we get over that sample is 35.751%
4) If we extrapolate the data over the complete share count, we can project the naked short count to be 49,630,821*.
*Note: The naked short percentage might increase or decrease over the rest of the data. With the information that we have, this is the best projection that we can reach as to the total amount of naked short shares that are in EIGH.
North Bay Resources Announces Mt. Vernon Gold Mine Bulk Sample, Sierra County, California • NBRI • Sep 11, 2024 9:15 AM
One World Products Issues Shareholder Update Letter • OWPC • Sep 11, 2024 7:27 AM
Kona Gold Beverage Inc. Reports $1.225 Million in Revenue and $133,000 Net Profit for the Quarter • KGKG • Sep 10, 2024 1:30 PM
Element79 Gold Corp Announces 2024 Clover Work Plans & Nevada Portfolio Updates • ELMGF • Sep 10, 2024 11:00 AM
Nightfood Holdings Inc. Completes Major Step on Uplist Journey by Closing Strategic All-Stock Acquisition of CarryoutSupplies.com • NGTF • Sep 10, 2024 8:15 AM
Element79 Gold Corp. Announces Sale of 100% Interest in Elder Creek, North Mill Creek, and Elephant Projects to 1472886 B.C. Ltd. • ELEM • Sep 9, 2024 9:34 AM