I agree with you that if they increased the float, that would be problematic for them. I've missed several 10's of 1000's of posts so I apologize if I've missed something related to your comments. The float was supposedly a very small number. The 500 million was supposedly o/s and that was increased by 100 million.
I see where there was discussion as you indicate, but there seems to be some confusion as to whether or not the shares were actually in the float. I'd put the question to those who were in on the call. Is it clear that the float is now 600 million? If so, then IMO, they have some 'splainin' to do, in addition to all questions previously asked.
Again, I apologize if I missed this answer somewhere. Are we sure the float is now 600 million or is that the o/s, with float being something less? Were precise terms used on the phone call? Was an explanation for the increase discussed? Was the question brought up?
thanks