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To: Dave who wrote (11279)3/12/1999 10:43:00 AM
From: country bob  Respond to of 27722
 
Dave; Spoken like the true gentleman that you are.



To: Dave who wrote (11279)3/12/1999 11:59:00 AM
From: RockyBalboa  Respond to of 27722
 
Dave,

thank you for your friendly answer. Note that when I have little time then I do not check my post before I send it away. So the wording can get a bit erroneous.

For the float: One ways is to look into ownership and/ or proxy statements where the reporting owners are listed. Furthermore, institutional holdings can be more or less subtracted from the float (if held tight enough).

There is a more recent number of issued and outstanding shares: it is near the top of the recent 10-Q (not the Q/Amendments filed on the same Februar day) and the "per 31-Januar 1999" number.

However, is it possible that some of the issued shares were issued as options which have not yet been exercised?


No. This is only the case if option underlying shares have been registered. This was the case for the convertible debenture & and warrants earlier 1998. But stock underlying options according to a stock options plan aren't registered unless the options are exercised and stock is being sold then.

The term "fully diluted" shares describes the fact that in case of positive earnings, a possible dilution through exercisable options is taken into account, hence exceeds the number of issued and outstanding shares.

"COMMON STOCK, NO PAR VALUE - 13,487,880 SHARES AS OF OCTOBER 31, 1998
COMMON STOCK, NO PAR VALUE - 23,053,120 SHARES AS OF JANUARY 31, 1999

per the 2 recent 10-Qs"

C.