i think it's safe to assume o/s will max out and the company/insiders/note holders would protect their investment by making sure they hold over 50% to ensure the vote they want... so, an actual tradable float would be 150mm...
fwiw, all the people who want to complain about management making bad decisions and blah, blah, blah... companies go public to offer shares for $$... companies who go public think way in advance about selling shares and making splits and selling more... they want the "free" money... only reason to go public... way it works, accept it and trade it...
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.