OK - it's been a slow day...
just for kicks though, have a look the following (using rounded numbers):
Shares traded by 12.15pm : 103K
Outstanding shares :410M
Thus, fraction of the float traded at 12.15pm = 0.00025122
Average Fraction of the float traded per minute (at 12.15 pm) = 0.00000152.
This means that at this rate, the entire float of this company would change hands every
65679612 |
|
minutes |
|
|
|
1094660 |
|
hours |
|
|
|
45610.84 |
|
days |
|
|
|
6515.834 |
|
weeks |
|
|
|
1628.959 |
|
months |
|
|
|
135.7466 |
|
years
|
Hope the shareholder revolution takes a little less time than this..:)
S