Sunday, December 16, 2012 3:42:28 PM
On 09/05/2012 there were 202,625,717 shares traded that day. When looking at the TRO (Turnover Ratio) for that day it is apparent that something is wrong with the float numbers.
The TRO for that days was 94.24%. Wow, 942 out of every 1,000 shares of SRGE have changed hands that day.
Also, on 12/12/2012 there were 137,807,392 shares traded - that is a TRO of 64% - 640 shares out of a 1000 changed hands on 12/12.
This is just not unusual but impossible if the float is 215 million.
There is no explanation for this other than the float is much greater than 215 million.
IG
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