My pick for 2004. :-) Enjoy.

By: samshade0
28 Jan 2004, 12:16 AM EST
Msg. 1519 of 1520
(This msg. is a reply to 1505 by buys_on_dips.)
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Talked to Steve Ellis at IESV today.
"I think that there are about 29 million shares that are tradeable at any one time. The rest are locked up or held by insiders who will or can not sell for various reasons." He also stated that as many as 15 million additional shares could become tradeable over the next 1 to 2 years and "some will be sold some will be held".
Ellis believes that the increased "tradeable float" will be viewed as positive by their market makers which they have increased from 4 to 13!!!!!He also believes that some of these shareholders will likely buy more shares as opposed to selling. His opinion is that there will be a share contraction as opposed to share expansion relative to volume. All of this is his "best guess and only that".
In talking to him you get the impresion that he really knows what is going on relative to the stock potential and he started with IESV on October 21st.
I went back and looked at the volume since then and it is up nearly 10 times, the price has gone up 3 times and when I first looked at IESV in September they had 3 market makers. This is an indication that IESV is hiring the personel to becoming a real "public company".
I know that I have been an on and off supporter of IESV. I Sold 50K last Tuesday only to buy it back higher on Wednesday, But my confidence is up and I will buy a lot of what "lostgold" and "buys on dips" sell.