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DewDiligence

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Re: linhdtu post# 144

Monday, 12/09/2013 3:41:59 PM

Monday, December 09, 2013 3:41:59 PM

Post# of 6004
Float is an imprecise metric. For instance, “sales” reported by VCs on Form 4 (i.e. those have a director on ENTA’s BoD or have a 10%+ equity stake) include distributions to limited partners as well as open-market transactions. In the case of distributions to limited partners, it’s not clear whether the distributed shares are increasing the float in a practical sense.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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