GEX Management Inc (GXXM)

[SeatonBM]

Errr.... It's probably less now... I hate to post this because this will come off negative though I am heavily invested here myself... But I like facts, and am an honest guy, so...

Per Yahoo Finance, 30.04% of the OS is owned by insiders - BUT, also per Yahoo Finance, the OS is 348.68 million (if you click on their statistics button)...

HOWEVER... Go to the OTC Markets reporting, click on the Security Details button and as of 5/3/2019 the OS is now 562.77 million - and that's before any dilution since 5/3/2019....

So... Obviously dilution has occurred since Yahoo Finances reporting of 348.68 million OS, which means 30.04% insider holding of the OS cannot be true any longer unless they are buying up their own dilution too at a consistent rate...

I doubt they are.... So according to my math, here is what I see....

When the OS was 348.68 million shares, according to YAhoo Finance, insiders owned 30.04% which is 104.73 million shares (that's 30.04% of 348.68 million shares)... Which means around the time that the OS was 348.68 million, the float was roughly 243.95 million...

HOWEVER... Now that the OS is 562.77 million, that means insiders only own 18.61% now assuming they still only own the same 104.73 million shares... Which makes the new float 458.04 million if all this is true...

But I own a good chunk of that, and I know of at least 1 person here that owns more than I do... Together we own about 80 million shares or about 17.47% of the float... Between just 2 people, though noteworthy, we could sell at anytime unlike those holding restricted shares from the inside..

Again though... I suspect, as many suspect that there has been a bunch of dilution since 5/3/2019 too... IE the OS is probably larger still than the 5/3/2019 reporting of 562.77 million shares... Question is, how much more was added???

Feel free to make a case otherwise, I hope you can... Though in the end this isn't that big of a deal really...


My sources:


Shows old 348.68 million OS via Yahoo Finance:
https://finance.yahoo.com/quote/GXXM/key-statistics?p=GXXM


Shows insiders own 30.04% (but of old 348.68 million OS) via YAhoo Finance:
https://finance.yahoo.com/quote/GXXM/holders?p=GXXM


Shows new 562.77 million OS via OTC Markets as of 5/3/2019:
https://www.otcmarkets.com/stock/GXXM/security