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Non-Tech : GRIN (Grand Toys International Inc) -- Ignore unavailable to you. Want to Upgrade?


To: OTC JOE who wrote (12)11/13/1998 3:14:00 AM
From: Frank McVerry  Read Replies (1) | Respond to of 495
 
Joe,

Welcome to the thread. Yes, the total outstanding shares is about
1.6M. Most are held by management and insiders and the 'float' on
the NASDAQ is only 300k. There are also some options and warrants
which are all presently 'out-of-the-money' (see message #5 for more
details).
As far as the number of Furbies GRIN will receive... I talked to
their VP, Ron Goldenberg, and he said their initial order was for
195,000 and they will re-order as necessary in the New Year. He sees
it as being important to them over several quarters as the price
(eventually) will be down to $30- $40 when supplies are more
plentiful so it will work for gifts/birthdays etc.
How many will they sell altogether ? See what you think of my
numbers on message #9. This looks like a major assist to such a small
company.

Frank