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Thursday, June 18, 2015 5:56:44 PM
DEFINITION of 'Outstanding Shares'
A company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company’s officers and insiders.
I can include SLS shares because JS gave them to SLS - they own them - I know how much they have(restricted) - they essentially are an institutional investor in that respect. I would assume SLS was given these shares for a reason - probably to qualify for these kinds of programs and entitlements.
I apologize for the statement saying at least 5% - I meant up to 5% - look up company officers and board directors yourself for a list that likely make up a significant amount of shares collectively - yet remain under 5% individually.
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