Here are the details about AKIS float and outstanding shares.
American Kiosk started trading in April, 1998 with 4,900,000
outstanding shares.
2,000,000 restricted shares went to CEO Richard Michael
2,000,000 restricted shares went to James Hightower, a private investor
100,000 restricted shares went to another person.
That left a float of 800,000 shares.
Michael and Hightower each returned 1,000,000 shares to the company
and those shares were retired, leaving the total number of
outstanding shares at 2,900,000 - 800,000 of which comprised the
publicly trading stock, or the float.
American Kiosk is in the process of closing a private placement
of 960,000 shares which, by the end of this week, will bring the
outstanding share count to 3,860,000 shares, and increase the
float to 1,760,000, with the remaining 2,100,000 restricted.
There are no plans to issue any more shares, and the 50,000,000
shares authorized to be issued are to be used for new acquisitions
only if and when, and in the numbers necessary.
These are the latest and correct numbers as given to me by
CFO Larry Graybill.
___________________________________________ Marc Stager |
