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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.
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To: dkgross who wrote (131531)4/21/2004 9:31:04 AM
From: Taki  Read Replies (3) of 150070
 
SMNC.0095That is big news=Here is why:DD
1)Shares outstanding 261 million as of January 22-2004.
2)CEO owns 165 million shares out of the 261 million.
That leaves 96 million,and of that 70 million are restricted.
3)So the float was around 26 million only, before news today.
Now with this news today taking off the market 69million shares=What kind of float?Unreal.MMs in deep indeed IMO.
5)On every 1$ order SMNC makes profit .60
per CEO.
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