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Microcap & Penny Stocks : 1ST MIRACLE GROUP (MVEE), founders last co. went $0.20-$46

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To: Suzanne Newsome who wrote (2031)1/14/1999 9:26:00 PM
From: Banditjrjr  Read Replies (1) of 5541
 
Can someone help me understand or define the shares OUTSTANDING vs. Shares in FLOAT! Please correct me if I'm wrong but does:

1)Shares Outstanding mean = the total number of shares a company has?

and

2)Shares Floating = number of shares that no one owns or are available for purchasing! If I am correct, then who holds or has these Float shares?? The MM's??I really don't know, please help? And is it these shares that make the price go up and down significanlty?

Thanks in advance for your help, you guys have been really helpful!

P.S. Well I heard that MVEE has 99 mil shares outstanding(of course I don't know what this means yet) but does anyone know how many shares MVEE has in Float??? Damn, I should have asked Peter Benz when I had him on the phone! Oh well!

John
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