All taken from Quarterly reports:
June 30, 2016
Outstanding Shares:
678,592,649
Share Issues after 6/30/16:
7/11/2016 1110 NAUL US7490 140,000,000
7/11/2016 1120 MCKINNON US7491 25,000,000
7/25/2016 1131 CARO US7493 7,500,000
8/4/2016 1132 HQ US7495 250,000
Total: 172,750,000
678,592,649
172,750,000
= 851,342,649 which is the current outstanding
In addition:
Byron Young Ownership – approximately 23% ownership of issued and outstanding Class A Common Stock
All shares disclosed in Item 4A above are restricted. As of September 30, 2016, there were 851,342,649 shares of Class A common stock issued and outstanding.
Float: 339,824,976 a/o Jun 30, 2016
According to the slide in the webinar, a/o 9/16/16 the float is unchanged.
If I remember correctly the deal with NAUP (which is apparently somehow lumped together with Doug McKinnon??) held a restriction of 1 year followed by an option to sell up to 1% per quarter following, but I don't currently have time to find that information for sure right now.
IN MY OPINION, most if not all of the share issues are held by insiders part of the company and are all restricted. This has all been said and done for months now, the price should've already corrected by now. The only thing that is left for ME to find out, personally at least, is how they plan on accommodating the $10 million PIPE investment... preferred stock, more common stock, etc. It sucks, but it's a necessity to get this off the ground and we know exactly how the $10 million will be used.
