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Microcap & Penny Stocks : Rocky Mountain Int'l (OTC:RMIL former OTC:OVIS) -- Ignore unavailable to you. Want to Upgrade?


To: John Gault who wrote (19330)11/18/1997 9:52:00 AM
From: Ditchdigger  Read Replies (2) | Respond to of 55532
 
John, certificate form or not, they are part of the float, they can be sold...these are the same kind of comments I recieved when speaking to him, as I said"he didn't seem to have a very good hande on it"..If they're tradeable they should be in the float.
DD



To: John Gault who wrote (19330)11/18/1997 10:08:00 AM
From: Ellen  Read Replies (2) | Respond to of 55532
 
# of outstanding shares minus # of 144 minus # of common shares put into certificate form= public float

This just isn't correct.

# of outstanding minus # of 144 = # of public float shares. Period.

Looks like Mr. Morgan is trying to provide TWO answers: 1) # of public float shares and 2) how many of those public shares have been put into name form (cert form).

I see, I think, what you meant about having all 3.3 million shares in cert form. You're thinking the 144 shares = shares in cert form. Then add the # of float shares in cert form with the goal of getting all 3.3 million in cert form - then the squeeze will take place. This is what you meant, right?