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Re: Intotheblack post# 27419

Wednesday, 11/26/2014 4:15:20 PM

Wednesday, November 26, 2014 4:15:20 PM

Post# of 63559
Yeah, hate to rain on the parade, but according to that info Moon posted/linked, SLTD can file the shelf registration despite being listed OTC.
Further, the 1/3 of public float limit does not apply for the same reason. It appears Dbrown's analysis suffered from GIGO. He used the public float as listed on Yahoo. According to Scottrade, the public float is 275.5 million shares. You take that and multiply by the high closing price of .304 and you get $83,752,000. That high price occurred within 60 days of the filing, so SLTD meets the larger-company rules.

EDIT:
I haven't had time to look into the S3 details myself. Just relying on that info in the posted link, and, frankly, I think it is poorly written. So, I wouldn't rely on that article as the be-all and end-all.