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Microcap & Penny Stocks : ABFG - AMERICAN BENEFITS GROUP, INC. -- Ignore unavailable to you. Want to Upgrade?

To: Daniel Miller who wrote (533)	3/30/1999 9:59:00 AM
From: Jeffrey S. Mitchell	Read Replies (1) \| Respond to of 4128

Kelly informed people that the float was aprox. 3.5 mil because 4.8 mil (i think it was that number) is safely held by insiders. public float The portion of a company's outstanding shares that is in the hands of public investors; shares not held by company officers, directors, or investors who hold a controlling interest in the company. nasdaqnews.com Daniel, see a little problem there? - Jeff

To: Daniel Miller who wrote (533)	3/30/1999 1:50:00 PM
From: marcos	Read Replies (1) \| Respond to of 4128

Daniel, I know that concept called 'the float' is popular among otc-bb aficionados, but it's imho not particularly useful. What I always want to know is - 1. The number of shares issued and outstanding. 2. The number of shares authorised. 3. The number, prices, and expiry dates of all options and warrants outstanding. 4. A clear explanation of different classes of shares, if applicable. 5. An itemised timeline of share issues for the recent [~5yr] past, with prices or consideration for each issue clearly explained. All together that's called 'share structure'. Add #1 and #3, shares out and options/warrants, and you have a figure for the 'fully diluted' shares. Without that figure you cannot obtain the market capitalisation, and without that the price per share is completely meaningless, imho.