InvestorsHub Logo
icon url

JDWarrior

08/26/13 2:27 PM

#28062 RE: billiam321 #28061

That information was from the 10-K for the fiscal year ending 3/31/2012.

Note 4 on page 40 of the document states: On March 31, 2012, officers-directors and their families have acquired 74% of the common capital stock issued, have made advances of $24,506, and have made contributions to capital in the form of noncash expenses in the amount of $45,500.
73,000,000 X 26% = 18,980,000 shares FLOAT

icon url

bizops12

08/26/13 2:36 PM

#28065 RE: billiam321 #28061

That is what I was trying to verify. If that number is correct then the float is 18.98 million which is the assumption we have been operating under. I have over 19 million shares added up according to our longs here. I suspect a 500K holder has sold which would bring my total to right at 18.9 million shares. So people here are either over reporting or flipping creating the currently available shares. As stated earlier though - the block this morning could only have come from a few people and based on responses the only one left as a possible is Joey. If Joey did not sell then something is just not right here. Those shares could only come from a few places. IHUB board members, Mr. Snaper or relatives (but they should have to file paperwork) or ?