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Microcap & Penny Stocks : PanAmerican BanCorp (PABN) -- Ignore unavailable to you. Want to Upgrade?


To: findstock who wrote (9318)7/28/1998 11:10:00 AM
From: Rock_nj  Read Replies (1) | Respond to of 43774
 
I don't think it could reduce the float. The float is the stock that is held in the public's hands and is freely available for trading. The company can't use shares that they don't own to make purchases. They have to use authorized shares that are not yet in the float to make purchases, which can have a dilutive effect on the stock.