Longwei Petroleum (fka LPIH)

[GorillaGorilla]

Ideally, institutional should be as high as possible. Institutional holders should be willing to look longer term and in effect lock up the float.

It's only just uplisted to the AMEX and until it did that large institutional investors cannot buy the stock. Indeed many will be unable to buy the stock until it's over $5. Institutions are more conservative and will like to kick the tires before getting involved. So, around 4 million institutional held shares seems a good start.

Insider ownership is around 60%. So there's going to be a big lock up of shares. Some institutions don't like quite so much ownership as it means they will have difficulty getting a big enough stake in the company - assuming they like it.

Anyway, 4M new institutional shares and 41M shares which are not held by institutions or insiders down from 45M. That's an underestimate as other holders, such as Glen, aren't required to register their interest. So that around 10% locked up in a quarter.

rich