Go to Jeff Salisbury LWGate Home Page.From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] TASR
Date: Tue, 23 Apr 2002 21:03:13 -0400
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no, Spencer, the difference between the issue (2.7 mil in this case) and the
float (1.2 mil) usually represents the portion of the total issue owned by
management. Those shares are already issued, and count in calculations of
EPS for example.
What I am suggesting as likely to happen in the future, because there are so
few shares in the float (available for public trading), is that more shares
will be put into the float either by a new Primary Offering (what I used to
call a secondary since it followed the Initial Public Offering IPO), or
Management will sell some of their otherwise restricted 1.5 mil shares, or
they may do a stock split (which doesn't change the value of the investment,
but does increase the number of shares issued, and thereby also creates a
larger and more liquid float.
Tom Worley
stkguru@bellsouth.net
AIM: TexWorley
- ----- Original Message -----
From: <Spencer48@aol.com>
To: <canslim@lists.xmission.com>
Sent: Tuesday, April 23, 2002 6:29 PM
Subject: [CANSLIM] TASR
Tom:
When you say "new offering", do you mean this: According to DGO, TASR
has 2.7 Million Shares Outstanding and 1.2 Million in the Float. So if it
offers new shares, it can offer any of the difference between the 2.7
Outstanding and the 1.2 Float. Is that correct? Also is the total
difference between 2.7 and 1.2 all Treasury Stock, or would it be Treasury
Stock + some other grade of the stock?
As far as offering other stock, is it possible that TASR could do
something else, for instance issue more shares (or is this-practical
wise-infeasible)?
In a message dated 4/22/2002 8:43:49 PM Eastern Daylight Time,
stkguru@bellsouth.net writes:
<< ut didn't stop it today hitting a new high on 3X ADV, suggests to me the
institutions are coming in on it. And with only 1.2 million shares in the
float, there are not a lot of shares out there. I would expect either a
stock
split soon, new offering, or management to start selling >>
jans
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