According to Yahoo Market Guide there is 13.1 M shares outstanding and the float is 2.50M.
However, I found this from the latest 10K:
Initial Public Offering
The Company completed its IPO on November 20, 1996 and sold 2,465,000 shares of common stock at $12.00 per share,
resulting in net proceeds, after deducting underwriting discounts and expenses, of $26,669,000. In addition, the Company's
Board of Directors adopted and the stockholders approved an increase in the number of authorized shares of capital stock
from 21,788,615 shares to 45,000,000 shares, of which 40,000,000 shares have been designated as common stock and
5,000,000 shares have been designated as preferred stock.
Can somebody please explain the difference? |
