Floating point manipulation

I am having trouble understanding the mantissa of a floating point number. I have divided up the floating point number into the sign bit, the exponent and the mantissa, I have found the exponent, but I am not sure what to do with the mantissa? From what I have gathered so far i divide the mantissa by ten until I get a number between 1 and 10. after that i convert the number into a decimal with everything after the decimal point (or radix) being a fractional number. But when I do that on paper I dont get my intended number. How do i put the exponent and mantissa together to make a decimal from my floating point?

ex. input is 00111010000111111111011000001000
sign is 0
exponent is 01110100 which is 64+32+16+4-127=-11
mantissa is 00111111111011000001000 which would be 1.11111111011000001
when i convert that i get 1.99756622314 i dont know what to do with the -11 exponent and the answer i want is 6.1e-4

thank you in advance!!

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mantissa is 00111111111011000001000 which would be 1.11111111011000001

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Wrong. The significand has an implicit leading 1. Thus it is 1.00111111111011000001. Then the un-biased exponent of -11 means that the decimal point shifts left 11 places, giving: 0.0000000000100111111111011000001.
Then to get the decimal digits out of that, you multiply by 10 in this case, not divide because you are dealing with the part right of the decimal point, until you have something left of the decimal point which becomes your decimal digit each time.

Any further questions of comments - post your code.