Replies to post #6951 on Bourque Industries Inc (BORK)

[truetrue]

Thanks, Flatcat- I was confused, too. I posted a few days back about this issue.

If 23mm are owned by the 2K shareholders, then that still leaves 10-11mm or so with certificates or in the hands of MM's, I think.

The legacy cert / shares get into the float after the "Current" status is assigned, I assume, since they won't be accepted in the "Limited" status, per "CCarp" post a couple days ago (he tried)...

299mm total - 266mm Restricted = 33mm - 23mm = 10mm legacy

That dilutes the PPS value by a third.

Or, maybe, we hold PPS and the Mkt. Cap. increases by a third.

At this time, we are trading back and forth with MM's and each other. It's a "kiddie" pool when we really need an Olympic size pool...

We need more investors.
Real soon.

[sojomy]

I still don't think that sounds right. I don't think Fidelity, Scottrade, Etrade, etc are all updating their reports of every individual shareholder of every stock every single day. That would be the only way the shareholder count would be accurate. For a small stock like BORK, it might not be a problem, but for stocks like AAPL, do you think that these big brokers are updating and reporting their shareholder counts daily? Since there are millions of shareholders and that number changes every single day, they would have to, or the shareholder count would never be accurate?

I'm not sure where someone got this <2000 shareholders number from, but look up the shareholder count on a large stock (like AAPL or C) and see if it shows thousands of shareholders, or if it shows millions of shareholders.