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Non-Tech : The Children's Beverage Group (TCBG)
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To: Cavalry who wrote (1294)8/3/1998 11:36:00 PM
From: gambler  Read Replies (3) of 2452
 
********TO ALL************

Cavalry,

I am 100% responsible for this error and I would like to apologize to everyone on this thread. When I first made the header page I was given the wrong information for the float. The information I had for the total shares outstanding was correct, at the time, but the float was wrong. The person who gave me this information was referring to the freely traded shares at the time he gave me this figure. He was subtracting out the tightly held shares that he knew of and wasn't considering this as float. This person just didn't realize the figures I was looking for were exact for display purposes.

I feel this is my fault though because I was the one who displayed those incorrect numbers, without further DD. I did find out a few weeks after putting up the header that the float was indeed around 9 million. I was going to have the header changed at that time and for some reason I didn't. Now after forgetting about it, I am kicking myself for not having it done. What a stir I caused.

It is 100% my error, so nobody panic about shares being sold into the float. It didn't happen. This misunderstanding is my fault.

I have already put a request in to have the header updated, to reflect the very latest updated numbers.

Once again, please accept my humblest apologies.

Sincerely,

Gambler

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