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Sunday, March 19, 2017 8:17:41 PM
Hey guys, I noticed some confusion from a few investors regarding the share structure. Here is what is going on.
The O/S as of February 23, 2017 is: 6,498,319,880 shares
.
The float on the same date is: 1,497,739,084 shares
Subtract the float from the O/S which are the Restricted shares
owned by insiders (CEOs, employees, etc...): 5,000,580,796 shares
Since the insiders own more than 5 billion of the Outstanding shares
which happens to be more than 83% of the O/S, they are very heavily invested in this company, and want it to succeed in a bad way. I hope this alleviates some of the confusion.
All my posts are based on my opinion. Do not buy, sell, trade any stock based on my posts. Do your own due diligence before making any transaction.
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