Elcom International (ELCO) Message Board

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Technology Stocks : Elcom International (ELCO)

ELCO 15.25

-56.4%

Oct 17 9:30 AM EST

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To: F50 who wrote (168)	2/28/1999 9:39:00 PM
From: Laszlo	Read Replies (1) of 736

FLOAT: Number of shares outstanding/available to trade. For instance, when a company is going public and it is stated that the float is ten million, this means that ten million shares are being offered. I don't believe this is correct. The float is the number of shares held by the public. The shares outstanding includes all the shares held by the public AND by insiders and any restricted shares. Shares authorized is the maximum number of shares the company can issue, including those held in treasury stock. For example, if you look at SEMX Corporation highlights at yahoo.marketguide.com and biz.yahoo.com, you will see that shares authorized is 20 million, shares outstanding is 6.375 million, and shares in the "float" is 4 million, which is the amount that can be freely traded by the public. Insiders hold 28% of the stock and 2 institutions hold a fairly large chunk of stock, which I assume is restricted. At least that's the way I understand it. BTW, SEMX is WAY undervalued ;-) Laszlo

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