History of verified O/S counts.
At the end of 2016 the O/S stood at 2,615,221,101.
It was subsequently raised nearly 50% so that on 3/17/17 it stood at 3,883,941,101. That's a massive increase of 1,268,720,000.
On 3/31/17, it was again raised to 4,003,221,101, putting the increase OVER 50%.
Then, amid much hoopla and beating of the chest, it was announced by Trina that he was reducing the O/S but without saying how he was going to do it and with what funds. We know he didn't have the necessary cash and he couldn't use debt, so how was it to be done?
The O/S was decreased by 5/2/17 to 3,445,399,434. And then again by 5/15/17 to 3,245,399,434.
If the shares weren't bought back by using cash generated by the company's operations or by taking on debt, how were the reductions accomplished? The most likely conclusion I can think of is that the initial 50% share increase to 3,883,941,101 were issued with the understanding all along that they were to be returned under the guise of a "buyback". Note that nowhere is this word used in Trina's press releases.
The bottom line is that the O/S has still been increased by 630M(R) shares in just the last 5 and 1/2 months. At $.0003, that's $189,000. Of course, Trina has thrown out the possibility of yet another share "reduction", so....
Also I should note that it's not a mere coincidence that all the increases occurred within Q1 and the reductions are occurring within the Q2 timeframe.
Now, let's take a look at the float figures.
As of date of this filing April 29th, 2017
Public Float: 2,650,999,344
As of date of quarter ending March. 31st, 2017
Public Float: 2,588,921,126
As of date of quarter ending Dec. 31st, 2016
Public Float: 2,023,306,674
The increase being 628M(R). Almost exactly the 630M(R) increase in the O/S I noted above, isn't it? So, maybe there won't be another share reduction, after all.
You can lead a horse to water. But you can't make him get down on one knee and do an Al Jolson impression!
