Sulja Bros. Building Supplies, Ltd (SLJB)

[ERDEL]

Someone correct me if im wrong but 138 million in the float and wessal has to buy 125 million out of this? Does mean that we are playing with 13million shares here or is that 125m of wessals taken into consideration under resticted or insider shares?


CEO Steve Sulja stated: "The current outstanding shares are 500 million. There are 362 million shares held by insiders. Of the 362 million insider shares, 162 million are restricted. There are 138 million shares in the public float. The number of inside owners, of 10% of common class shares, decreased after the reverse merger. The increase of outstanding shares from 200 million to 500 million excluded holders of 20 to 50 million shares from insider status. Basically, three insiders with 40 million shares from the open market did not meet the 10% of class rule; therefore, they are no longer considered insiders."