EnviroTechnologies International Inc. (ETII)

[mzahran]

The last time HNSS sold a subsidiary, they got 150 mil HNSS shares, which they used to reduce the O/S from 300mil to 155mil.

Now in the most recent sale, management got approx 70mil HNSS shares based on the pps during that period. Ever since then, management has been using the weighted average O/S.

Now what I'm thinking is those 70mil shares were actually retired by the company. 155mil - 70 mil = 85mil which is approx the 83 mil number on google finance. For whatever reason, management doesn't want us to know yet that the O/S has been reduced that much. If you combine that with the fact that we never had T-trades till after our most recent sale of the subsidiary, then that could mean that management is purposely holding back that info or restating it in a way to be harder for the avg shareholder to figure out, so the pps stays low temporarily to allow some large investor to accumulate shares as cheap as possible before that info is priced in.

Also if you take that into consideration with the PR that states managements refusal to deal with shorts, things get juicy. When HNSS got those 70mil shares, I think the shorts asked the company to sell some or all of them so they can be introduced into the float, allowing shorts to short more. Now it appears management told them he'll no based on that PR, and instead retired all those shares, which is great news for us, and would verify that the new O/S may in fact be 83-85 mil. That also means that our pps should be about double what it is now.

The reason we may have seen the float increase a while back was that probably in between the point where HNSS recieved those shares, and then retired them, those shares had to be reflected in the float for the brief period that it was. That would mean our float is still very low, which makes sense based on the way the stock has been trading.

Any thoughts guys?