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spencer_has_arrived

11/17/07 6:17 PM

#176 RE: spencer_has_arrived #175

Here’s a simple example with numbers to illustrate the relationship of these different shares:


Authorized Shares – 100
Treasury Shares – 20
Restricted Shares – 10
Float – 70 (100 – 20 – 10 = 70)
Outstanding Shares – 80 (10 + 70 = 80)