The float can be increased if the insiders or underwriters of the IPO sell their shares. The sale would have to be to someone outside this group of individuals/institutions. I think they have to file paperwork with the SEC to do this. I went over to www.marketguide.com and dug up this information:# of shares outstanding: 12,546,751Institutionally held shares: 1,526,242 (up from 1,082,374 three months ago). That leaves about one million shares in individual investor's hands. The stock is becoming even more illiquid for the small investor if everybody else doesn't sell.Insiders control 53% of the shares (~6,650,000 shares). I'm pretty sure that the term "insiders" applies to employees of the company. I do not know if it applies to the underwriters of the IPO which are First Security Van Kasper, Needham & Company Inc., and Wedbush Morgan Securities. The underwriters may be restricted from releasing shares according to the structure of the IPO. Most IPO's seem to require the underwriters to hold blocks of stock for designated periods after the IPO (i.e., can't release their own allotments for first 12 months). QBAK went public on 6/23/00. Watch for press releases, probably around April or May if I am right on this issue.Sorry about the somewhat incomplete information. I haven't been investigating QBAK strongly, just keeping it on the radar screen.Mr. Spindlelegs
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