My caluculations of OS and restricted sales by date.
10-3-2005 Last known OS is from 10 QSB 856,372,406
Registration Statement Form S-8 for 2005 employee incentive packages: 800,000,000
12-05-2005 Officer compensation 2005 issued : Ray Hawkins 1,209,117,280 R
Edwin Kwong 756,758,440 R
2-2-2006 debt reduction 150,000,000 R
2-2-2006 debt reduction 525,000,000 R
2-2-2006 debt reduction 316,281,215 R
3-14-2006 debt reduction 150,000,000 R
3-14-2006 debt reduction 76,000,000 R
3-14-2006 debt reduction 42,000,000 R
3-14-2006 debt reduction 120,000,000 R
3-14-2006 debt reduction 220,000,000 R
3-14-2006 debt reduction 180,000,000 R
3-14-2006 Officer Compensation Ray Hawkins 67,027,027 R
Edwin Kwong 52,972,973 R
______________________________________
TOTAL SHARES OUTSTANDING 5,301,529,341
RESTRICTED SHARES 3,645,156,935 ______________________________________
TOTAL FLOAT 1,656,372,406
These figures include all filings from the last 10Q where the total OS was known except
for the following 2.
1-9-2006 Form 8-K where the company authorizes 1B share buyback in 2006.
2-3-2006 Form 8-K where the company issued a total of 2,703,170,000 shares to
Hawkins and Kwong for payment on promissory notes. These were
restricted shares and the accompanied Form 4s that were filed by the officers were unclear as to the final disposition of the shares. Form 4 showed
acquisition of shares and dispersal of shares at 0 cents, meaning no net gain.
Even if we were to count these shares it would not change the float as these
shares were restricted.
This poster is in agreement with our Groups totals, very important IMO.
Thanks for posting this.
www.uksharenet.com/article_market_makers.shtmlSHORT SQUEEZE - If you have been trading stocks for any amount of time, you will have probably heard the term "short squeeze". A short squeeze is actually when there is a sudden demand (i.e. buying or when a buyout is announced, or dividends) in a stock which has a large amount of shares outstanding on the short side. If the buying keeps up and starts to force short players to cover their short positions, the result can be quite sever. Buying increases the share price, which in turn tends to produce additional fear (and short covering) among short-side players in the stock market. As people rush to buy stock and cover their positions, this continue to dizzying heights until a normal supply/demand situation returns to the market. As the old saying goes, "He who sells what isn't hisn, buys it back or goes to Prison". The bottom line is that if the stock you have borrowed and sold is suddenly required, you may end up being "bought in" whether you like it or not.
ONE ADDITIONAL CAVEAT - If you are short a stock at the same time as a stock dividend is paid, don't forget that you owe that dividend to the owner of the original stock. Your broker will charge your account for the amount of the dividend owed based on the number of shares you have borrowed. Keep this in mind when shorting dividend-paying stocks.
SHORTERS TAKE NOTE