There are 72,945,000 shares outstanding.Insiders own 30,111,853 shares.Insiders own 41% of total shares.Float is 42,733,147The new buyback of $20 million could bring the float down to 36,066,481 if shares stay around $3.00.
We'll probably stay around the $3.00 range until next earnings report. Management will have then bought back another million in shares, and book value will also be above $10.00 a share.At that point we can get to $4.00 a share. Still think we will get between $8.29 and $9.86 a share within next 12 months. Just gotta hold long.
You've got a lot to learn about this stock. $3 is easily within the range of possibility in the short term.
Thx jeff. if pull institutional out then leaves about 25 million or so...in market.nice support today at 50% retrace. Tested twice. 2.80Or 2.82 could be new base..
Right now insiders still own less than 50% of total shares, so they would not be able to vote to sell the company to themselves for $3.00 a share. They would have to give investors a "fair" price.
That's funny. Meant "break-down" :o)