Interesting dynamic strat0477, as the OS has to have increased to allow for 250k more shares being sold-- that's 895k within the same month. That would mean the OS should be no less than 89,500,000 on a stated authorized of 75,000,000 per last Q although the AS increase is mentioned as well via RS at 10.05 billion. There is a filing with Nevada for an AS increase to 1.05 billion effective 06/08/2007. The last OS numbers were as of 6/18/09 at 60,287,000...
Trading Volume Formula. If you are an affiliate, the number of equity securities you may sell during any three-month period cannot exceed the greater of 1% of the outstanding shares of the same class being sold, or if the class is listed on a stock exchange or quoted on Nasdaq, the greater of 1% or the average reported weekly trading volume during the four weeks preceding the filing a notice of sale on Form 144. Over-the-counter stocks, including those quoted on the OTC Bulletin Board and the Pink Sheets, can only be sold using the 1% measurement.
I called Island Stock Transfer this morning (727-289-0010) for updated I&O and Float numbers but was told to e-mail (which I did to both katie@islandstocktransfer.com & info@islandstocktransfer.com). Will report what they reply.
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