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ValueValueValue

06/22/09 7:30 PM

#25660 RE: CopperKen #25652

I had a feeling that if I didn't include a full breakdown of the DD it would be confusing. Let me try to explain what I did:

1) I am pretty new to breaking down these numbers and I used the following link to understand the A/S, O/S, and Float as I was putting this together...
http://www.investopedia.com/articles/basics/03/030703.asp

2) CopperKen - The reason I used the date over date difference of A/S - O/S for dilution was defined in the last paragraph of the Outstanding Shares section of the above mentioned URL. However, after reading more, I am not sure if that is correct. But, I was assuming A/S - O/S (reserves) equals the CPRK "Treasury". The only problem is I couldn't find an example of how to calculate Dilution when the A/S is increasing. From what I understand, Dilution will happen on both sides (public & private) as the overall number of shares increases. We aren't the only ones feeling the pain of dilution. Given that, when the A/S increases, it changes the entire scope because the company has the choice of issuing or not issuing additional stock. I am confusing myself...sorry! Here is a great breakdown of dilution... http://en.wikipedia.org/wiki/Stock_dilution

3) What does this tell us? I think the best part of this data is that we can see when the internal investors are buying and selling.
- Example 1: Using the Company Owned Increase and Float Increase columns, we can see that on 12/17, 12/23, and 1/6, the Float was increased by the exact number that the internal investors sold. They were selling!
- Example 2: Using the same columns, 10/28, 11/20, 4/22, 5/28 all show a pattern of the internal investors increasing the Float, but buying more than they were selling. Since this has happened the past two times, I think that is very positive sign that internal investors are seeing progress!

Does anyone else see any valuable highlights in this? Please share if you do. I would be happy to turn this spreadsheet over to anyone who feels they understand how to make this DD more benefical. I am definitely not too proud to admit when I am not the expert :).

Peace - VVV