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[QUOTE]Originally posted by skip: [QB] You two own 3.78 and 2.1 million shares each, respectively. That is a total of 5.88 million shares. That's 33% of the o/s and 44% of the reported float. That's pretty amazing. SEWC is good, but not perfect. I mentioned that they don't have much dilution, and that's true, but they have some. They have a 26mil sb-2 out there from 5/06. At that time the o/s was 5.9mil. So, fully diluted, they would be at approximately 32mil. The o/s a year later (April) was 17.7mil. So, they diluted about 1mil shares per month over the year. I assume they are doing the same thing now. So, the o/s is likely around 20mil in my estimation, with a float of around 16mil. Again, a couple of traders here have 5.88 mil, just between two of them. That is a significant portion of the float. Someone else comes along and dumps $5-10k into this, and it's gone. Not sure where the market makers would get the shares to fill that kind of dollar volume? I'm not trying to read too much into this, don't get me wrong. I understand the short selling is a part of a market maker's job, they have to keep the liquidity of the market. Moreover, I am just interested that a stock down here is cheap enough that folks can own a voting interest in the company for a few grand. That is pretty amazing to me. And, they aren't that bad of a company either, go check the Q, there are pretty significant revenues there. This one has intrigued me for some time, very interested to see what happens with this one. Definitely a rarity. Hope to see both of your SC-13 filings on pinksheets.com soon! :) [/QB][/QUOTE]
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