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To: Philip Tung who wrote (209)5/7/1998 11:28:00 PM
From: AJ Berger  Read Replies (5) | Respond to of 44908
 
authorized, issued, outstanding, shares explained

Authorized: 100,000,000
A company states to it's shareholders the potential exists for them
to issue stock to attract executive talent, expand employee perks,
and pay for aquisitions. These shares in essense are free money to
the company, as long as they manage to fight the obvious earnings
dilution, which is harder to quantify on a stock with a no P/E.
Issued: 30,000,000
Now the company has actually made shares available that are factored
into the earnings as the denominator that will effect dilution. The
issued shares are often held by "insiders" of the company who are
usually required not to sell them for a certain period, like 6 months.
Outstanding: 12,000,000
or "floated" shares are those that have not only been issued, but are
also released from the restrictions that may have kept the insiders
from being able to sell, and these shares are free to trade daily in
the open market.

Any college student remark was aimed at Gambler specifically
and not the general college student population; Sorry about that.

Well, I've wasted enough time pointing out the folly of you
all playing right into the hands of this companies insiders
by helping them raise capitol out of worthless paper.
Now I'll just buy some shares over the next few days, and
leave you Hypsters to make money for me. Good Riddence...