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Microcap & Penny Stocks : NAMX -- North American Expl.-- Que Sera Sera! -- Ignore unavailable to you. Want to Upgrade?

To: alchemy who wrote (1608)	11/29/1997 4:33:00 PM
From: Sidney Reilly	Respond to of 4736

marty, I don't know if the tradeable float is 60mm. I don't remember the exact % but the shares become restricted after a certain % of beneficial ownership so any large blocks would be subject to trading restrictions and filing form 144 with SEC and so forth. The restriction on selling is based on a percent of the shares traded for a certain period. I think it's 20% of average daily volume traded for a month, but that could be a little off. The float for free trading shares is around 15mm according to a previous poster who talked to the company. I'm sure I misunderstood your post but posted this because I thought others would too. Revenues start Monday! It's looking up for us battered investors! cya, Bob