A very interesting news release...
Geez, they sure have a lot of shares in the float.
Shares Outstanding: 11,395,000
Active Float: 7,710,000
Message 8233125
Hmmm... I seem to recall that our DD hero put the float for BIGG at 1 million.
Here is some of your infamous DD on Feb. 6, 1999:
There are aprox. 1,000,000 share in the float. For that market cap to exist you would need to assume all the shares are marketable at that price.
Message 7690820
Here is the information from your visit to BIGG posted on Feb. 8, 1999:
9,000,000 Outstanding
1,000,000 Float
Message 7727642
...and you wrap it all up with this post on March 1, 1999:
Only 1,000,000 in the float and fairly tightly held.
Message 8099305
Hammer, you sure do know how to do DD. Your only off by a little bit:
11,395,000 Shares Outstanding from press release
9,000,000 Shares Outstanding according to Hammer's DD
11,395,000 - 9,000,000 = 2,395,000
7,710,000 Active Float from press release
1,000,000 Active Float according to Hammer's DD
7,710,000 - 1,000,000 = 6,710,000
Sorry Hammer, close but no cigar...
Geez, that sure is a large market cap for a company with no revenues...
Capitalization: $59Mil
Message 8233125
Uhmmmm, Hammer, I believe you thought that this number was ridiculous, right?
Your 50-60M is a ridiculous number. There are aprox. 1,000,000 share in the float. For that market cap to exist you would need to assume all the shares are marketable at that price.
Message 7690820
Looks like all that information being handed to you from the company is really paying off. Keep up the good work.
Diz- |
