I checked my information, and I was correct. According to the April Proxy Statement for LHS Group Inc, I found the following:
Holders on 5% or more of LHSG:
General Atlantic Partners, LLC 5,905,810 22.9%
Dr. Rainer Zimmermann 1,463,903 5.7%
Directors and Executive Officers: 16,712,621 64.1%
This pre split. If 5,905,810 are equal to 22.9% of shares out, then the total shares out is 25,789,563 (which matches Yahoo!'s post split calc of 52.1 million - they must have issued an additional 500k for incentive plans or something). Ther shares above equal 24,082,334. That leaves a float of 1.7 million shares pre split, or 3.4 million post split. Yahoo! shows a float of 1.6 million, perhaps it is an error, or there has been some events that effected the total float since April, I don't know.
Nonetheless, the question stands, is it safe to short a stock with a small float?
If so, let's rock! |
