SNM Global Holdings (SNMN)

[BayouBengals]

Those 220M shares (known as the Joe Overcash shares) are NOT part of the float...they are only part of the O/S...& are currently restricted, pending judicial judgement of their validity. When they go...the float will not be affected, one way or the other...only the O/S.

Current Outstanding = 1,094,211,721
SNMN Restricted - 135,515,261
Overcash shares - 220,000,000
Float = 738,696,460

Troy has publicly stated that the float is around 680M...evidently, another 58M+/- have been deemed restricted...so, at best the float is either a bit more than 2/3B...at worst, a bit less than 3/4B...either way...a very very very low float for an OTC company with $10M+ for funding of acquisitions...which will soon be assets on the balance sheet.

Float...from Investopedia
The term "float" refers to the regular shares that a company has issued to the public that are available for investors to trade. This figure is derived by taking a company's outstanding shares and subtracting from it any restricted stock. (Restricted stock is stock that is under some sort of sales restriction: for example, stock that is held by insiders and cannot be traded because they are in a lock-up period following an initial public offering.)