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Friday, July 15, 2016 3:17:49 PM
Moran has issued several 8-K filings which state that there are about 2.4B oustanding shares, yet the 10-Qs show increasing quanities of fully-diluted shares that well exceed that number:
1Q/14: 2.58B
2Q/14: 2.61B
3Q/14: 2.92B
And in the 3Q/14 filing, the weighted average shares outstanding is shown as 2.8B, which well exceeds the 2.76B issued and outstanding (as of 7/6/16) shown on page 1 of the filing.
https://www.sec.gov/Archives/edgar/data/1269879/000139390516000975/dewm_10q.htm
He needs to do a better job of explaining this.
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