Replies to post #11441 on EnviroTechnologies International Inc. (ETII)

[punk153]

Well, they decreased the O/S again by at least 10 million shares, imo.

The 60 million shares that were put in the float were probably from past shareholders that were cut deal on shares for the newer 'HNSS'.

Either HNSS had already bought 10 million shares from the float or it retired some from the O/S whose shares were outside the float. HNSS has continually bought back shares this year. I don't see why they wouldn't want to reduce their float further.

I don't like the idea of the float rising, but this gives the company the ability to buy back more of its stock without promoting liquidity issues that a further buyback (from 30 million shares)could make on HNSS's stock.

They increased their profitability and reduced their O/S from the prior PR. I see that as a good sign.

IMO