True. But here is a thought/opinion. If the new company takes over the restricted shares of PwC then that sets up the possibility of an overall share reduction. The new company and Mr Hayes could own 68% and retail shareholders own the remaining float (32%)…..
could they then buy up enough of the float and retire these bought float shares to get the float to 320,000,000? Then retire enough of the restricted shares so that each of them owns 330,000,000.
That's 320,000,000 + 330,000,000 + 330,000,000 which = 980,000,000?
That makes total shares under 1 Billion AND decreases the float without an RS…AND raises the share price allowing for a better chance of uplisting which then brings in a new class of investors AND both the new company and Mr Hayes make a lot of money AND the long and strong shareholders obviously benefit…THEN they do the same thing again a few years from now to get the total number of shares down to 100 million and the share price gets better and better without hurting any of the dedicated, loyal, long term float share holders. Everyone wins. I think the big total share numbers scare away a lot of potential money at this point and can down the line also.
