MDMI - Italian Bakery Extraordinaire! Message Board

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Microcap & Penny Stocks : MDMI - Italian Bakery Extraordinaire!

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To: Marc Stager who wrote (2150)	4/2/1999 6:30:00 PM
From: David Smith	Read Replies (1) of 3584

I asked Phil Hernandez of La Guardia what the current float is. He said he wouldn't have an exact number 'till next week, but it is not likely to be above 7,000,000 shares. The outstanding minus restricted is just over 15 million (see Greg's post). I wouldn't be surprised if insiders held at least 5 million. If Phil of La Guardia can tell us what the insiders held, we would have a max that could be trading. IF the number that could be trading is under 7 million, the stock should do well with the amount of interest that has been generated over the last couple of weeks. I think the daily volume in the future will tell the story. If the volume continues to remain high then this stock can move. David

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