Float... I wish someone would correct me if I'm way off here but it's the difference between the O/S outstanding shares and the number of A/S Authorised shares. If a company has 10 shares and 8 of them have been issued, the FLOAT would be 2 shares. They COULD be issued at any time the managment decides once AUTHORISED by the share holders. Many companies have reverse splits hanging on them for a LONG time before they are exercised by management TOO. You get into warrants and private placements and privilaged shares and it can get DAMN confusing !!! Especially for a dumb ass like ME !!! AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAHAHHAHAHHAHAHHAHHAHAH One thing that I HAVE noticed is that when there IS an issue for X amount of money...the share price heads their like a magnet....if I see an issue for MORE than my share price... I hold. If they DUMP a TON of shares to their buddies at HALF the current share price......"RED MEANS RUN....SON !" I don't wait for the shareholders to VOTE on a Reverse split EITHER...I run like HELL !!! catman....ISYA
PS...one of the reasons that I LOVE THIS STUFF is because I've YET to have a day that I didn't become LESS of a dumb ass ! :^P
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