InvestorsHub Logo
Followers 88
Posts 5985
Boards Moderated 0
Alias Born 03/19/2007

Re: Zeroze2002 post# 191017

Friday, 12/12/2014 7:04:22 AM

Friday, December 12, 2014 7:04:22 AM

Post# of 298910
If the correct O/S is 4.1 Billion, then let's start that way.


O/S 4.1 Billion
E.S 1.9 Billion
Float 1.1 Billion
________________________

Shares O/S ex Position E.S. and Float: total 1.1 billion
In September 2014 they filed for the issuance of 400 Mio Shares.

So if those are not in the Float then they are part of the 1.1 Billion issued but not in the Float, would give 700 Mio not in the Float. And from this 700 Mio then we have 550 Mio they cannot be in the Float because based on the filing Titan and Seven Miles were not CEDE, so we are left with 150 Mio shs O/S but not in the Float, and they sue for 1.4 Billion. 1.4 Billion minus 550 = 850 Mio would the be part of the float and as we have 1.1 Mio Float only 250 Mio would be accurate? And if the 400 Mio in September issued are not in the reported figues, then the net Float would be 650 Mio?

I do not get this. Either the O/S is wrong by 1.4 Billion then somebody has a Problem, or the O/S is 4.1 Billion and then I cannot see the Problem.


Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.