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Microcap & Penny Stocks : Short Squeezes

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To: Street Walker who wrote (130)10/12/1998 11:34:00 AM
From: Spider Valdez  Read Replies (1) of 182
 
street walker do you know float of eggs and outstanding shares? i get different number from different sources. i tell you thank you. i like aznt like ktel because of small float!
spider

Talk : Web/Info : K-Tel (KTEL) Have the cheesy '70s records come to an end?

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To: DarrenS (52 )
From: Louis Riley Wednesday, Apr 15 1998 11:08AM ET
Reply # of 2383

<< ...Remember the float is just 4 mill. ... >>

Sorry, but that is incorrect. From recent 10-Q filing:

<< ...At February 9, 1998 there were outstanding 3,815,609 shares of common stock,$.01 par value per share, of K-tel International, Inc... >>

Of those ~3.82MM shares, only 900,000 trade actively (the float).

Small supply + Huge demand = Mucho dinero for longs. ;)
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