Wednesday, April 23, 2014 1:29:24 AM
Since the restricted shares are held up for 12-18 months the ideology behind this is.. there is no ideology when speaking of the O/S or the float- they are what they are. You can cite the restricted shares in the same breath you note the O/S but you cannot call what is the float the O/S without being wrong and misleading, albeit unintentionally. We cannot fashion our own lexicon here. There are established terms to describe things like share structure. There is no such thing as a truncated O/S or an abridged O/S- but there is a dictionary, lol.
As SpideyCents noted, the O/S is about four times larger than the float. Communicating the correct O/S has huge implications as when someone is examining metrics like Sales to Market Cap ratio, often employed with fledgling companies as ours.
Thank you very much for all your outstanding work for our great benefit, bsdvs23. I do not believe I would be in this play if it were not for your guiding DD.
Good night, all!
MG
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