To: steveK. (1673 )
From: SCOOBEY-DO Saturday, Apr 3 1999 3:33PM ET
Reply # of 2431
Hi steveK,
This will give you a very rough conservative estimate of the float until
the 1998 10-K is issued. IMHO.
Shares outstanding as of 5/31/98 11,412,234
Less:
Included in 1997 10-K
Thomas Hughes 1,000,000
All Directors 1,000,000
James S. Clinton 1,415,000
According to 5/98 10-Q
HPOS for license 2,900,000
Services free trading 1,019,000
restricted 1,450,000 1,450,000
J. Clinton 750,000
Net - Est. Float as 5/98 2,897,234
Tom said that he is aware of any trading done by J. Clinton (who
would be considered an insider) so I counted his original shares and
additional shares as non-float. Since the 2,900,000 to HPOS is
indicated as being in escrow, I considered them as issued but
non-float.
Please review these figures and let me know where any changes
should be made.
Tom is very busy right now but he may have a chance to give us a
better estimate of the float.
Go BETT!! Go Tom!! Scoobey
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