SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : CNKT - Connect Inc.
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: john psomas who wrote (384)7/9/1998 4:18:00 PM
From: Lawrence Burg  Read Replies (2) of 953
 
Not knocking you, but the share count he reported doesn't make sense.

At the 24 February vote, they declared 19+M shares entitled to vote on the 1:5. How come he counts only 13M now?

If the 19M was pre-reverse, shares after the 24th would've been reduced to say 4M. So, if Joe says it's back up to 13M, that means they issued 9M more shares since 24 February. Did I miss something?

Alternatively, we have 13+M shares. Optimistically figuring Stark's shares as completely dispensed, that leaves 11M is institutional hands & 2M in the float. This in itself may be OK, but that means prior to Stark's initial sale on 13 April, the available float on the market was well under 1M shares. March 30 shows volume of 2M. so that would mean the float turned over 3...4...5...times? Or insiders/management were trading, neither of whom reported.

I'm still waiting on a return call from Mr. Girata.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News