Coates International Ltd. (fka COTE)

[gregsrosen84]

I'm a little unclear on how this type of large purchase works. My understanding is that there are in the ballpark of 1.7 billion shares outstanding out of 12 billion authorized. Of that there is a float of roughly 1.15 billion shares.

So that being said, does anyone know if he purchased the 200 million out of the float or are there now 1.9 billion shares outstanding, diluting the share value by roughly 11%?