Reguarding the Larger Float comparison and why Float alone is irrelevant...
Message from Greg Wilder on Nov 4 1997 10:15PM EST
Again, EUTO is a better company, but with the larger float, and the uncertainity about the number shares, etc. it makes for some confusion. I know that none of us
You are correct, the float is much larger for EUTO but the true relavance is the Market Cap...In our case, we are talking about a stock that at it's lowest point was about 1/100 the price of RMIL's lowest price and but only has about 10x the number of shares in float(estimate based on memory).
For example:
EUTO: 18 Million x .10 = $1.8 Million Market Cap in Float (estimated)
RMIL: 2 Million x $3.00 = $6.0 Million Market Cap (not sure what float is but put in your own guestimate for RMIL.
So you see, # shares don't mean a thing in reality...it's how much the float is worth in the public hands. Hell, 2 months ago, the entire LEGAL public float was worth little more than $55,000! If I put as much money in back then as I have put in over the last month, I could have owned half the float myself!
Now that I have blabbed on needlessly, I forgot my point! But rest assured, there is one buried in there someplace!
Mike |
