Friday, August 17, 2018 8:45:36 AM
However, the issue here whether by design or not is the float as PAOG has been keen on restricted shares and not convertible debt so while the OS remains unchanged for long periods of time as restricted shares are included in the OS it has the same impact as dilution once they are free trading and hit the float.
Problem is that the company refuses to provide the correct float numbers and is consistently and purposely disclosing the incorrect number. Example is that from last year Q1 report they filed a correction on June 1st stating that float was 500M
https://backend.otcmarkets.com/otcapi/company/financial-report/173588/content
Since then more restricted shares have vested and hit the float and yes the Q1 '18 filings still lists the float as 444M which is clearly incorrect. Per the Q1 filings there are only 100M in unvested restricted shares so the float is around 710M which has been the cause of much of the downward pressure.
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