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Microcap & Penny Stocks : FAMH - FIRAMADA Staffing Services
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To: TINKER TAPE who wrote (1810)1/23/1998 4:10:00 PM
From: Omnichrome  Read Replies (2) of 27968
 
Hello Perry,

First it wasn't my definition, it was Ira's or another poster's. In my opinion the 'float' is 28 million shares. Of that, approximtely 60% is held by insiders. That's my take on it. When I compare FAMH to other companies that makes comparisons valid. Otherwise, as you note,
the float would constantly change. The only time I consider "closely
held" shares as outside the float is if they're restricted (504's, etc.). I believe the 17-18M closely held FAMH shares are free trading. Someone correct me if I'm wrong.

I like your last point, however. Wouldn't it be great if there were no MMs in the way performing unnatural acts so true supply/demand dynamics could determine stock price. I've been told that it works that way on the VSE, but I don't know if I believe.

Be careful out there.
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