International Precious Metals (IPMCF) Message Board

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Gold/Mining/Energy : International Precious Metals (IPMCF)

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To: Casey who wrote (20809)	9/15/1997 7:28:00 PM
From: Eric Tai	of 35569

Casey, Don, Re: reliability of the number of shares owned figure <<<that makes an average holding of ~16,000 shares per shareholder.>>> The figure seems to be a bit too high. I am not questioning your calculation, just how reliable is the data. I can understand that a bigger shareholder with say 100,000 shares can easily "pull up" the average of 5 smaller shareholders with say 1000 shares each. But even that, the 16,000 shares per shareholder values seem to be a bit high. I am thinking that especially when someone post the number of shares they own in public, there will be a tendency to overstate it. The reason is simple. If someone saw a few guys posting tens of thousands of shares each, though he has only 1000 shares, he may be tempted to say he has 10000 shares, just to look better. If someone has a internet buddy who owned 30000 shares, that guy may say that he own 20000 shares to be more "compatible" with his buddy though he may only own 3000 shares. A result of all this is that the number of shares figures will be over-stated. When there is no verification, how reliable is the data? Isn't that the same reason we all want BD or Bateman figures rather than IPMC figures alone?

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