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Sunday, March 12, 2017 11:16:59 AM
The RS reduces OS by 75%. It is immaterial what the stock price is at the time, as Nasdaq listing is a goal, but having sufficient shares available under the AS to account for all convertible shares is required by law.
On the other hand, the RS will also make (500000000/4=125M) X 3 = 375M shares available for new buyers. That may sound like a lot, but large investors can burn through those pretty fast. Price might not rise as fast as some anticipate in this case.
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