InvestorsHub Logo
icon url

the big guy

12/06/08 1:56 AM

#18769 RE: Rawnoc #18768

no way buddy. I used a spreadhstte.

I had to read the statement carefully and think about it.

We estimate that odd-lot stockholders who own less than 100 shares represent over 66% of our record stockholder base but only approximately 0.04% of our total shares outstanding.

.04% of the shares are owned by the "losers". Loser = someone that owns <9 shares and has forgotten abotu them in his/ her portfolio. THat, or soemone that cannot spell.

anyuway.

that number of shares (regardless of whom owns them)

- = .04% or .0004 times (X) 11000000 = .. $4400.

Guess i was wrong. :).