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Re: None

Wednesday, 08/31/2005 12:44:42 AM

Wednesday, August 31, 2005 12:44:42 AM

Post# of 4479
Need everyone's cooperation on this project:

As of IFUE's last 10Q there are 80,000,000 shares outstanding. I'm attempting to ascertain how many shares are really out there representing the true float. The easiest way to do this is to add up shares held by insiders and shares held by us longs here who are holding onto the bulk of our shares until the share price is much higher than its current level.

Here's what I've come up with so far:

Outstanding shares 80,000,000
subtract Rex - 20,000,000
Harry D. 6,000,000
John Burst 3,500,000
My Holdings 156,000
My friends/family 600,000
________________________________________
49,744,000 shares

Now we're under 50,000,000 million shares in the daily tradeable float. This number will decrease dramatically once we tally up the remaining longs and their friends and family they've put in IFUE. I'm asking those who feel COMFORTABLE with the proposition, to post their approximate holdings and any sizable holdings of friends/family you know of.

What I'm ultimately trying to figure out is just how much longer we can continue to trade over 1,000,000 per day before the tradeable float virtually dries up completely.

Again, I'm not asking what your average price is, just how many shares are 'locked up' until we see a PPS much higher than its current levels.

If you don't feel comfortable revealing this, then don't! Or, as an alternative, you could post the info under a new screen name. That way nobody will know who posted the figure.


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