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Non-Tech : LCS Golf (LCSG)
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To: CIMA who wrote (339)3/5/1999 6:47:00 PM
From: Alex SvS  Read Replies (1) of 626
 
I just got a clarification on shares outstanding and float:

The float is still roughly 3.2 million
Original 200,000 + 3 million from exercised warrants

The 6.2 million outstanding in our report on smallcapforum.com was off. It was from the figure at golfuniverse.com, but that was not updated to include Mister B III acquisition, Play Golf Now Acquisition, Golf Promo acquisition, and fee to Joe Namath to be spokesman.

For all these acquisitions and Joe Namath, the company had to give up 1.9-2 million restricted shares. That's a huge potential revenue stream for very little paper, IMO.

Anyway, that ups the outstanding shares to a little over 8 million. Maybe 8.2 million. Float is still 3.2 million.
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