The PR is good news. I'm surprised we didn't see a bigger pop in the PPS. If today is red, I will be worried about MYEC.
The PR mentions the impact on the public float. There are 3 possible assessments to be made from this PR:
1) if the 275 million shares were all in the float prior to being recovered and cancelled, the public float is now 1.824 billion
2) if only part of the 275 million shares were in the float, then the 13.1% decrease mentioned is useless information and the PR is missing some important, useful information
3) if the 275 was not in the float (which it wasn't based on the Form 10 that showed the Cede & Co holdings), then the PR is false and misleading
Let me know if you all can think of another possibility, or if you think we are looking at 1), 2) or 3)
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