Saturday, October 03, 2020 4:40:37 PM
2,740,000,000 Authorized
2,706,376,963 Outstanding
This means there are only 34M shares available to dilute - which even if issued/dumped into the news would get eaten up quickly. I also like to take note that the incoming company could have asked for anything to happen to the share structure but only a small AS increase took place. I haven't compared/run the numbers, but eyeballing it, it looks like about 150M shares have hit the market since that increase, presumably including that 50M shares issued to resolve the one valid claim from July. That explains all the downward pressure on the pps. Not too many more of those to go : )
All my opinion of course!!
H
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