I need to again apologize for posting incorrect analysis regarding the number of shares in the float-I should have checked the number first before posting what I thought was calculations based on the current/correct amount. I take pride in trying to provide correct info....my bad....Ok, now I feel much better!!
However, my analysis about the float number, even though higher, is still valid I believe. In addition, I've always used 2b O/S and 2.5b A/S in my analysis regarding potential pps etc; those numbers, especially A/S havn't changed and hopefully won't. In other words, we can still get a respectable PPS w these numbers.
We might want to look at the "float" in another way. As we all know, the A/S is 2.5B w O/S at approx 2B. And we can all pretty much agree that these are "big" numbers that would be nice if lower (for obvious reasons). Lets suppose a 50/1 reverse were to happen. That would take the A/S down to a respectible 50M; the O/S down to 40M and the float would drop to a meesily 2.9M shares....not many and definately managable.
BTW, I tried to get an answer on float increase. Not verified, but some were due to the company's short term needs (obvious), but I believe most were not because of WUCC. They were from "past" stock issues before merger (maybe some of the ad deals some have discussed) that are coming to light now....couldn't help it.
jtf
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