Monday, January 30, 2012 2:16:50 AM
That has been the case since Nov 14, 2011 ( Reference: http://www.otcmarkets.com/stock/ICPA/company-info )
Now I'll teach you a little trick most newbies don't know on how to confirm the float: You take the Market Value and divide it by the Shares Outstanding and if that number matches the current PPS then you've just confirmed the float.
So let's test it..
$114,476 / 71,547,619 = 0.0015999973388353
which is exactly the PPS we have now.
So with any news this thing is going PARABOLIC.
For any newbies tuning in, here's the definition
of outstanding shares and float from
http://www.investopedia.com/articles/basics/03/030703.asp :
Outstanding Shares:
Not to be confused with authorized shares, outstanding shares refer to the number of stocks that a company actually has issued. This number represents all the shares that can be bought and sold by the public as well as all the restricted shares that require special permission before being transacted. As we already explained, shares that can be freely bought and sold by public investors are called the float, and this value changes depending on if the company wishes to repurchase shares from the market or sell out more of its authorized shares within its treasury.
The 1%? You mean the folks who don't know how to trade penny stocks? A real shame no one taught them how to open a Schwab account.
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