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Technology Stocks : RFID Systems Corporation (RFID)
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To: Carole who wrote (45)3/16/1998 11:01:00 AM
From: Ted B.  Read Replies (1) of 199
 
When I started investing there were about 16 mil shares outstanding. Although they are mostly closely held, they must all be considered part of the float. I'm not sure of the legal definition of "float". Perhaps you could inform me. Their business plan suggests they are expecting the total shares to increase to about 24 mil this year and this would cover all their financing needs. Once the underwriting falls into place there will be many things to announce. the timing seems to be perfect.
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