EnviroTechnologies International Inc. (ETII)

[punk153]

Xtremepicks missed a very important part of the PR.

Xtremepicks said:

Confirming HNSS outstanding of 195 million shares is important and it confirms that the company has not issued additional shares for ongoing operations. What we are looking for now is the confirmation of the float that will really get HNSS some legs.

HNSS's PR stated:

The Company expects to report net income of $.01 per share on 195 million shares outstanding (based upon the weighted average of shares outstanding for the year)

The 195 million shares is based on a weighted average. The actual O/S is in all likelyhood much lower than 195 million shares.

Xtremepicks needs to emphasises the '2010 weighted average shares' in their future news letters and tweets.

* Remember that the O/S dropped from 400 million shares to 155 million shares since July. It seems very likely to me that the O/S could be much less than 155 million shares at this point in time.

IMO