Hey Rich,
We're down 7% today and the tax loss selling was over yesterday.
How many free float shares are out there?
How far does SFMI want to buyback shares?
NO, tax loss selling can occur up to the last trading day of the year. However, if you sold by the 28 of Nov, you can repurchase the shares before the conclusion of the year and still qualify for IRS capital gain/loss rules. Most tax selling usually is done before the week of Christmas, but under the rules you technically have until the last of the year.
344M out fully diluted
100M restricted
125M Held in certificate form
344M in total
Company will reduce its float to 100M over time.
Rich
