Re: richardo/S/P @ $.08 jefother doni
in response to
by
posted on
May 16, 2011 10:09PM
Correct, the total outstanding common stock less those held by the BODs and management was at the end of last fiscal year 286 million less 32 million, BODF and management, = 252 million shares that can be traded on the open m,arket on a daily basis.
The 44 million was based on a 12 month period, May to May and were traded at approx $.10 or less.
44 million is approx 17% of the total available marketable shares. 44/252
Hope this helps to clarify your questions.