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

To: Hunter Vann who wrote (2260)	1/21/1998 1:01:00 PM
From: MarcG	Read Replies (1) \| Respond to of 4736

Hunter, You posted, << But for the record, outstanding shares are those that are actually trading in the public float.>> This is incorrect. Outstanding shares are the total amount of shares that have been issued by the corporation. This includes but is not limited to the float as well as shares that are closely held by insiders and/or institutions. The float, those shares that are free to trade in the public market, is usually substantially less than the amount outstanding. As we know from repeated releases, TEIM controls 20.05 M restricted shares of NAMX. If there are 100 M shares out., then this block alone reduces the float to 80 M. I'm sure insiders control alot of the shares out., so that factor may again reduce the float down to 30-60 M. All, I'm pleased to see the firm bid on the stock indicating M M willingness to buy higher, sustainable volume levels at 600k, and the new high offer at .225. No matter how many shares are out., the market is beginning to recognize that NAMX has a substantial value. Wouldn't surprise me to see 1/4 by the close, but it may upset the shorts wagonload.