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Microcap & Penny Stocks : TNRG Tianrong Building Materials
TNRG 0.0300+14,900.0%Jul 17 12:46 PM EST

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To: Jim B who wrote (15)3/18/1998 7:56:00 PM
From: John Algermissen  Read Replies (1) of 9824
 
Jim,

The way I read the news release they retired 25% of the float. That means there were 10 million before and 7.5 million after. 2.5 million is 25% of 10 million, right? 7.5 million seems higher than I thought was in the float. Let's hope that 5 or 6 million is being tightly held by insiders. Of course there are MANY BB's out there with 80-100 million. The smallest I know of is ISON with only 800,000.

Anyone have any thoughts?

JohnA
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