INSQ,
Someone from IHub did this calculation:
INSQ updated info after PR tonight Must READ my calculations!:
INSEQ Makes Announcement
MONDAY, APRIL 17, 2006 10:55 PM
- BusinessWire
NEW YORK, Apr 17, 2006 (BUSINESS WIRE) -- INSEQ Corporation (INSQ) announced that 4,948,173,844 shares of its common stock were outstanding as of April 16, 2006, not 367,243,231 shares as mistakenly reported on the cover page of INSEQ's 2005 Form 10KSB.
INSEQ is 80% owned by GreenShift Corporation (GSHF) , a business development corporation whose mission is to develop and support companies and technologies that facilitate the efficient use of natural resources and catalyze transformational environmental
O/S is 4,948,173,844 shares
GSHF owns 80% which equals 3,987,339,075.20 shares
Which leaves 998,634,768.80 shares (under 1 billion shares)
From Today's filing:
ITEM 11. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
The following table sets forth certain information regarding the "beneficial ownership" of the Company's Common Stock as of March 30, 2006 by each of the Company's directors and executive officers, all current directors and executive officers as a group, and persons or groups owning more than 5% of the outstanding Common Stock. In computing the number of shares beneficially owned by a person and the percentage ownership of that person, shares of common stock subject to options or warrants held by that person that are currently exercisable or exercisable within 60 days of the date hereof are deemed outstanding. Except as indicated in the footnotes to this table and pursuant to applicable community property laws, each stockholder named in the table has sole voting and investment power with respect to the shares set forth opposite such stockholder's name. On March 30, 2006 there were 367,243,231 shares of BIB's common stock issued and outstanding as well as 1,000,000 shares of Series A Preferred Stock convertible into 200,000,000 common shares. The following table sets forth the number of the Company's shares beneficially owned by each person who, as of the closing, will own beneficially more than 5% of either class of the Company's voting stock, as well as the ownership of such shares by each director of the Company and the shares beneficially owned by the new directors as a group.
Name and Address of Beneficial Owner Amount and Nature of Beneficial Ownership Percent and Class of Stock
--------------------------------------------------------------------------------------------------------------------
James Grainer 91,000,000 6.8% Common Stock
-- 0% Series A Preferred
Kevin Kreisler (1) 12,500,000 0% Common Stock
1,000,000 100% Series A Preferred (1)
400,000 100% Serice C Preferred (1)
Current executive officers and directors as a group (2 persons) 103,500,000 6.8% Common Stock
1,000,000 100% Series A Preferred
400,000 100% Series C Preferred
1. All shares are held directly by GreenShift Corporation, an affiliate of
Kevin Kreisler that is majority controlled by Kevin Kreisler
So we had 998,634,768.80 and need to subtract James Grainer 91,000,000 shares which give us 905,834,768.80 shares then we need to subtract Current executive officers and directors as a group (2 persons) 103,500,000 from 905,834,768.80 shares which gives us 802,334,768.80 shares in Tradeable Float and I am not including yahoo's info for UTEK and their postion in INSQ: INSEQ CORPORATION
Beneficial Owner (10% or more)
OTC BB:INSQ.OB
(historical quotes, other insiders) 15-Sep-05 484,782,608 Direct which if I did count would put the tradeable float at
317,552,160.8 shares Tradeable
I hope this helps everyone. btw if you add 51,826,156 you get 369,378,316.80 Tradeable float I wonder if the 367 mil number they gave us was a hint of what tradeable float is? Very interesting double check my info and let me know what you think |
