Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: LTK007 who wrote (11876)	3/26/1999 3:23:00 PM
From: xcr600	Read Replies (1) \| Respond to of 56535

<BII.To> If I recall, the float is somewhere around 20mln. My notes for Bid.com are on my older system. I know it was rather large, which explains why the stock can trade 12mln shares, and not move that much. Up to 50mln shares can be issued under certain conditions, so I'm not sure what has been happening with all the warrants and preferred shares with this current run. I'll try to get the notes when I have time. I've been holding this thing since it was 2.Playing with the "house's" money now. x

To: LTK007 who wrote (11876)	3/26/1999 7:56:00 PM
From: xcr600	Read Replies (1) \| Respond to of 56535

<BII.to> Oops, went back and did a little more checking. Turns out I was off on my numbers a bit. Company basically prints shares. In their last offering dated 12/98, assuming all shares were issued, the total outstanding now should be almost 43mln shares, assuming no further exercise of warrants etc.. The authorized common is unlimited, as is the authorized preferred shares. As of December, there was 5.7mln "special share warrants" out, which convert 1:1. Insiders and preferred holders have themselves lined up to make some serious bucks at the expensive of the little guy. As I said before, I'm playing with the house's money now, so I can afford to roll the dice. This co reminds me of Navarre, where they just print more and more paper. I'm still in long now, but will probably flip to the short side once we near April 15. x