Re: [CANSLIM] UOPX

From: Spencer48@aol.com
Subject: Re: [CANSLIM] UOPX
Date: Sun, 5 May 2002 15:07:42 EDT

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Tom:

     As I understand it the "float" is  equal to shares outstanding minus 
mgt. and insiders who own shares (ie. Mgt. and insiders who own shares aren't 
included in the float).

     Since mgt. only owns 2% of the shares outstanding, the float is 10 Mill, 
and Shares Outstanding are 108 Mill (according to DGO), are you suggesting 
that venture capitalists and institutional investors (which ones?) are NOT 
included in the float-but like mgt. and SEC-denominated insiders, are 
included in "shares outstanding".

     Also, in what sense do you mean that the venture capitalists and 
institutional investors control the stock (and does the discrepancy-for any 
stock-between "shares outstanding" and "float" make this more possible?)

jans


In a message dated 5/5/2002 2:35:10 AM Eastern Daylight Time, 
stkguru@bellsouth.net writes:

<< assuming the data at DGO is correct, and it's so extreme that I will
 question them on it, I assume that venture capitalists, or some other type
 of institutional investors, (hence why I said outsiders) control this
 company's stock.
 
 Tom Worley
 stkguru@bellsouth.net
 AIM: TexWorley
 ----- Original Message -----
 From: <Spencer48@aol.com>
 To: <canslim@lists.xmission.com>
 Sent: Saturday, May 04, 2002 10:57 PM
 Subject: Re: [CANSLIM] UOPX
 
 
 Tom:
 
      Why would a company have so many share outstanding with such a
 relatively small float?  DG doesn't show any stock buybacks.  The only thing
 I can think of is that the company executives want to be able to offer stock
 options to its employees-and without having to hold a vote on issuing new
 shares.
 
      Does that make sense to you, or would another scenario make more sense?
 
 jans
 
 
 In a message dated 5/4/2002 6:09:57 PM Eastern Daylight Time,
 stkguru@bellsouth.net writes:
 
 << Biggest concern I would have is that most of the issue is held by
 outsiders (issue 108.4 million shares, management owns 2%, but only 10.8
 million shares left in the float according to DGO)...  >>

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