Friday, October 22, 2010 12:36:51 PM
Mistake in your post.
<<Since there is 716 Million shares in the float we are only talking about 71.6 Million market cap at 10 cents per share. I don't see why that's not possible>>
No, the market cap goes off of outstanding shares, not float. If there are restricted shares that exist but can't be sold without a registration (144 or otherwise) then they are part of the value of the company, even though not freely traading. So the market cap would be 160 Million or so, depending on the number outstanding at that time. Hopefully not 200 Million by then! Wilf needs to stop selling shares while we are so cheap!!
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