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Microcap & Penny Stocks : EVDS Environmental Digital Services, Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Ellen who wrote (111)	9/28/1998 1:51:00 PM
From: Tobasco	Read Replies (2) \| Respond to of 718

The other 3m would be insider stock. Usually the difference between the outstanding and the float is insiders. This company is unusual because of such a large treasury stock position. Shares are authorized with the Secretary of State in the state in which they are incorporated. This is the maximum number of shares which may be issued, one time, without going back to get more authorized (as DELL did recently). Once issued they are considered as outstanding shares. Shares acquired back by the company are considered treasury shares, do not count as outstanding, only issued, and do not vote or participate in earnings, dividends, etc. In the public sector the float(available to the public) is the difference between the outstanding and the insider holdings. In order to resell the Treasury Stock, the Company must go back to the Secretary of State to get it reauthorized. When it is sold the difference between what the Company paid for it and sold it for is gain or loss. So we have here (allow for rounding): Authorized ????? Issued 12-13m Outstanding 5-6m (3m float and 2-3m insiders) Treasury 7m