Stock Statistics Update As of 10/21/2017: If Confused Go to Summary at the End
With the news coming this week, you better hurry up and load.
The 1s are drying out!!!!!
AS: 15 Billions as of 9/22 (Unchanged Since Then)
AS: 10 Billions as of 8/15
OS: 2.5 Billions as of 8/21
Share Reserved: 1.75 billion as of 10/19 (See S-8 Filing)
Between 8/22 and 9/21, total shares traded 8.6 billion shares. For this period we know that the AS was 10 billion and the OS was 2.5 billion on 8/21. Since 2.5 billion were already in the market place, you need 7.5 billion of dilution to reach 10 billion. This is highly unlikely. We would then assume that the entire OS was dumped into the market twice (5 billion) and the rest were dilution (3.6 Billion), as a result, I estimate the following:
9/21/2017: Shares Available for Dilution = 10-2.5-3.6 = 3.9 Billion Shares, thus on 9/21/2017: OS = 10-3.9 = 6.1 Billion Shares .
On 9/22/2017: Shares Available for Dilution Due to an increase in AS by 5 Billions = 5 + 3.9 = 8.9 billion shares
Between 9/22 and 10/20, 8.3 billion shares were traded. The great majority of these trades had highs of 0.0001 with no bid. Out of the 8.3 billion, it is safe to assume that 6.9 Billions were dilution out of the available 8.9 billion shares. Early on, there were some highs of 0.0002 and investors could have dumped a billion or so then.
In Summary, Based on the above assumptions:
OS = 13.2 Billion shares as of 10/21/2017. If you add the 1.75 billion shares recently reserved for award options for employees and consultants affiliated with the company, I highly doubt if there are any shares left for dilution.
However, interstingly, in the S-8, the company mentioned that the 1.75 billion shares could be set as reserved or reaquired from the market. What this means is that the company may do a share buyback to reacquire these shares.
Below is the language used in the filed S-8 filed on 10/19:
"The Stock subject to this Plan shall consist of un-issued shares or previously issued shares reacquired and held by the Company or any
Affiliated Corporation, and such amount of shares shall be and is hereby reserved for sale for such purpose."
