Thursday, June 01, 2017 9:14:55 PM
Nice analysis Ted. Question for you or anyone that could follow up on my question here.
As of 02/28, if the difference between the outstanding of 209,175,119 and float of 84,832,488 is 124,342,631. 124,342,631 would be the restricted shares. Now looking at the latest Q:
(d) Silex: 129,090,000 common shares of the Company.
(h) David Malley: 11,000,000 shares of 144 restricted shares.
(x) Jerry Niblett: 15,000,000 shares of 144 restricted shares.
The total shares amount from the above 3 is 155,090,000.
Since the restricted shares count now is 124,342,631. 155,090,000 - 124,342,631 = 30,747,369. ASSUMING that the two individuals didn't sell anything, then the float may have increased from Silex shares selling into the market thus raising the float. Is my analysis and thoughts on the float correct here? Anyone care to shine in?
As of 02/28, if the difference between the outstanding of 209,175,119 and float of 84,832,488 is 124,342,631. 124,342,631 would be the restricted shares. Now looking at the latest Q:
(d) Silex: 129,090,000 common shares of the Company.
(h) David Malley: 11,000,000 shares of 144 restricted shares.
(x) Jerry Niblett: 15,000,000 shares of 144 restricted shares.
The total shares amount from the above 3 is 155,090,000.
Since the restricted shares count now is 124,342,631. 155,090,000 - 124,342,631 = 30,747,369. ASSUMING that the two individuals didn't sell anything, then the float may have increased from Silex shares selling into the market thus raising the float. Is my analysis and thoughts on the float correct here? Anyone care to shine in?
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