Life Clips Inc (fka LCLP)

[Dolly Llama]

Hey, MoneyMan,

Here is the current share structure reported at OTCMarkets:

LCLP
Authorized Shares
5,000,000,000
a/o Dec 01, 2017

Outstanding Shares
1,142,921,850
a/o Dec 01, 2017

-Restricted
32,482,667
a/o Dec 01, 2017

-Unrestricted
1,110,439,183
a/o Dec 01, 2017

Held at DTC
1,074,348,108
a/o Dec 01, 2017

Float
42,699,585
a/o Dec 28, 2016

As you can see, the reported Float figure is almost a year old.


The Authorized shares are the maximum number of shares that the company is currently allowed to issue.

Restricted Shares are shares that are held, but can not be sold until some future date.

The Outstanding Shares are the number of shares that the company has actually issued. (The company may issue any number of shares up to the Authorized Shares limit.)


The Float is the number of shares that are available for trading. From Investopedia: "Floating stock is calculated by subtracting closely-held shares and restricted stock from a firm’s total outstanding shares. Closely-held shares are those owned by insiders, major shareholders and employees, while restricted stock refers to insider shares that cannot be traded because of a temporary restriction such as the lock-up period after an initial public offering."

That means that the Float consists of shares that the company has issued, but which are not restricted, nor held by company insiders, company employees or major shareholders. The Float shares are available to trade.

So to answer your question, if a theoretical company has a current float of 43 million shares, and a regular investor owns 20 million shares, that investor owns almost half the shares that are currently available for trading.