Friday, January 19, 2018 12:13:11 PM
If you just briefly take a look at it and see the 12.4 billion O/S and see a market cap of $150 million, you're probably not going to look much further into it. And, they want to reduce the share structure even further beyond the cancellation of the 12 billion restricted shares.
Just to clarify for new people to the company, 12 billion of the 12.4 billion O/S are restricted and the new management believes they were potentially issued illegally. Thus, the actual O/S is 400 million which makes the market cap around $4.5 million. And if you watch the way this stock trades, the float is much, much lower than that.
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