40% of 138.5M is 55,400,000. So, they'll buy at minimum 55.4M shares but not more than 100,000,000.
138,500,000 - 55,400,000 = 83,100,000
138,500,000 - 100,000,000 = 38,500,000
Our float is going to be anywhere in the range of 38.5 and 83.1M.
Plan the Trade, Trade the Plan
![](//i.imgur.com/zRd2XwE.jpg)