Response regarding Float from Pacific Stock Transfer:
Good Afternoon,
The float is the total number of shares available for trading. Outstanding shares are shares that have been issued from the authorized, restricted shares are usually subject to holding periods, are not registered and therefore are not available to be traded. The actual free trading amount, or float is in fact calculated by subtracting the R/S from the O/S. Debt conversions do not impact the float and would not need to be calculated when attempting to find this number. While debt conversions can be considered, they are not reflected in float amounts. The actual number that would be affected by debt holders is the Authorized Shares. For example, if a debt holder has a note worth X amount of shares, the shares can be reserved from the amount shares authorized to be issued. Transfer agents do not usually give out the information of debt holder, nor do they disclose the amounts available to reserve/issue. The authorized that is disclosed should be the same amount that the company has declared on publicly available filings. Companies can decide to authorize the transfer agent to share this information.
If you have any further questions, please contact us.
Ashlee Canady
Office Manager/ Reception
Pacific Stock Transfer
702-361-3033 Main Office
702-433-1979 Fax
571-485-9998 Billing Dept.
acanady@pacificstocktransfer.com
6725 Via Austi Parkway, Suite 300
Las Vegas, Nevada 89119
PacificStockTransfer.com
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AI
