InvestorsHub Logo
icon url

americano

06/30/06 5:42 PM

#7342 RE: scoutaz #7340

700 million float , reported by Jamie in the report
icon url

Trueheart

06/30/06 6:33 PM

#7344 RE: scoutaz #7340

Thank you, Scoutaz. Now I have another question. The float is at 700,000,000 per the PR release. That leaves 1,000,000,000 shares that can be issued for trade at some time. My question is, if I want to buy more shares of FMNJ through Etrade, is the company authorized to sell me the stock out of the 1,000,000,000 shares it holds in reserve and not have the sale come from that 700,000,000 share float? If the buy came out of the billion shares and not the float,would it affect the price of the stock? Can the company do that? If so, how would that benefit shareholders? Am I thinking straight here? I would appreciate a reply. Thanks again.

Trueheart