60.2% of the Current RLBY (17.3 mil) OS is owned by Lone Star Value Mgt, LLC. Therefore, the float is 39.8% of the (17.3 mil) OS
17 mil - OS RLBY 10 mil - Lone Star Value Mgt, LLC *7 - Pre-Merger Float RLBY
Quote:Upon completion of the merger, all shares of the Maslow Media group will be converted in shares of RLBY common stock constituting 94% of the total issued and outstanding shares of Reliability Common Stock at such time (the “Merger Consideration”). It is expected that the Merger Consideration will be comprised of approximately 282,000,000 shares of Reliability Common Stock. At the Effective Time, Maslow will become a wholly owned subsidiary of the Company.
Post Merger SS
**17 mil - OS RLBY prior to merger 282 mil - RLBY Merger Consideration 299 mill - Post Merger OS
**10 mil - Lone Star Value Mgt, LLC 282 mil - RLBY Merger Consideration 292 mil - Post Merger Restricted
299 mil - Post Merger OS 292 mil - Post Merger Restricted ***7 mil - Post-Merger Float RLBY
With retail being such a small percentage of the post merger OS, retail is simply along for the ride.
All of the above is my interpretation of the recent 8K and review of past RLBY SEC filings.
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