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Friday, August 17, 2018 4:27:48 PM
I asked about the increase in A/S and why they made a mistake on the Q. This is what he said basically:
The Outstanding share count was not wrong. The Outstanding share count in the second Q disclosure is for April through June. Since the second Q there was a conversion from a 3a10 done last year which we all knew about. He also said he does not control when they convert.
I should have figured that out and I felt stupid for asking after he explained it. He also said that there will be no increase in A/S or a R/S.
I told him that people here didnt like the letter and are screaming the sky is falling. He said he didnt know why they took it so badly because a lot of progress has been made in the past 6 months and in fact the past 2 years. I asked if he would be willing to elaborate beyond the letter and he said that when it was "appropriate" he would go into further detail.
We discussed several things but that is the basic stuff.
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