Replies to post #220 on MNP Petroleum Corp (MNAP)

[msgbrdinfo]

Yeah, thanks. I found a post I wrote at IV where I thought the float was around 30 million shares. I'm not sure where I got that number from. Must have gotten it from somewhere!

Another poster replied to my post and said, "...117 million outstanding and 80 million held by the original owners. That's a total of 37 million others and some of them are in strong hands, like mine. Once they start pumping oil it could move very fast."

So it looks like the float is about 37 million and that's pretty low and when the news finally starts coming in, and especially if institutions start buying, there probably won't be enough shares to meet demand and we all know what that means!

[Tekkysurf]

***iBox***MNAP free float


Shares Eligible for Future Sale

To date, Manas has 111,240,552 shares of common stock outstanding. Of those shares of common stock outstanding, 6,110,400 shares may be deemed freely tradable without restriction or the need for further registration under the Securities Act of 1933, as amended ("Act") and 62,015,158 shares are held by Affiliates of Manas and are "restricted securities," as that term is defined under Rule 144, promulgated under the Act. Each affiliate of Manas has entered into a lockup agreement pursuant to which they have agreed to restrict sales of Manas common stock held by such Affiliate for a period of three years from the closing of the Share Exchange pursuant to the following: for the period beginning on December 10, 2008, such Affiliate may sell up to 3% of the Manas shares held by it in any three month period. This restriction is exclusive to any shares held by such Affiliate and registered pursuant to an effective registration statement filed with the Commission.

“Minority shareholders” of DWM prior to the Share Exchange hold an aggregate of 37,984,842 shares and such shares are also restricted
securities,” as that term is defined under Rule 144. Each “minority shareholder” of DWM immediately before the Share Exchan ge who was not an affiliate of DWM, has entered into a lockup agreement pursuant to which they have agreed to restrict sales of Manas common stock held by such shareholder for a period of eighteen months from the closing of the Share Exchange pursuant to the following: for the period beginning on April 10, 2008 through October 10, 2008, such shareholder may sell up to 50% of the Manas shares held by him in any three month period subject to Rule 144 or other such exemption from registration as may be the case. After October 10, 2008, there will be no further restrictions on these shares subject to Rule 144 or other such exemption from registration


figures above tell me:

OS: 111,240,552
free tradeable: 6,110,400

restricted1: 62,015,158... those can be tradeabel 3% of all every quarter...beginning at 2008 December 10th.

Every quarter 3% of 62,015,158: 1,860,454 shares



restricted2: 37,984,842... those can be traded since 2008/10/10


ok...we have 5,130,152 shares...(difference of OS subtract restricted shares)



...37,984,842 + (restricted shares till 2008/10/10)
....5,130,152 + (free float 2007/04)
....1,860,454 + (free tradeabel cause rule 144 - 3% of 62,015,158 every quarter. first: IV/2008)
....1,860,454 + (-"- I/2009)
....1,860,454 + (-"- II/2009)
....1,860,454 + (-"- III/2009)
--------------------------------------------
....50,556,810 free float - maximum
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