" ...... The number of authorized shares is 750,000,000. The public float is 162,000,000. We have about 210,000,000 shares we can cancel, but we believe it is best to use them for acquisitions that will enhance shareholder value. ....."
That leaves 378,000,000 restricted shares, used for officers and associates of the company, and John's personal holdings. The stock price moves because larger and larger chunks of that float are being sucked up and held. Remember, there are probably quite a few 1,000,000 and larger shareholders. insider-trading.net |
