Tuesday, September 19, 2017 7:54:46 PM
Based on the numbers there are now
8,887,202/0.0625 shares outstanding or 142,195,232 shares.
5% of that is 7,109,761 shares.
I don't think we have had the volume in the past few days to cover the ~ 1.7 milllion share difference from 5 to 6.25 % (required to report when you hit 5%).
But to argue against myself the 10Q reported there were 138,819,203 on August 10, 2017. So the math from 138 to 142 does not support all 8.8 million being acquired in one fell swoop.
Our best hope is he is an investor who has continued to buy through them in varying sized batches. If he is an investor buying in open market then the information is not meaningful in terms of company having more capital.
If anyone sees an error please fix my math.
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