Carter needs to maintain 50+ percent ownership OS was last know at 1 billion Carter could have sold some and still maintain ownership to avoid a hostile takeover. He gave himself enough buffer to do it. The important thing is it does not make a difference in the pps evaluation if the float grew as its based on the OS not the float. Just means that more of the wealth is divided among shareholders if the float is larger and OS same. I think Carter got 900 million for that exact reason as he only needed a little over 500 million to maintain control. 1 billion buyout still prices us at 1.00 regardless of what Carter has as long as the OS remains constant at around 1 billion.