INFE ... Infocall another Sleeper Message Board

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Microcap & Penny Stocks : INFE ... Infocall another Sleeper

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To: Theo who wrote (9520)	1/28/1999 12:32:00 AM
From: Little Engine	Read Replies (2) of 10343

<<<The last time I saw this situation addressed (different stock), I think the consensus was that the percentage owned is figured against the total authorized- not the float. Therefore Mr.D is quite safe- at least at this point.>>> So let me get this straight... if I own 1.9 million shares of a stock with 2 million outstanding, but 20 million authorized... I don't have to file anything? Hardly sounds right. What would the number of authorized shares matter if you own all the outstanding? Why isn't Mr. D on the board of directors if he owns that much stock? Or at the least poring over their financial records? I would if it were my money.

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