9:18 AM (22 minutes ago)
That is impossible. There are only 10.9 million shares outstanding. I have shared the breakdown of the insider ownership previously. So even if you don’t include the non-affiliated restricted shares the float is not even close to what he represents below. If you look at the SEC filings, it shows that insiders, which are NOT part of the float, had 1,169,870 shares at December 31, 2020. You can add to that the shares Mr. Beyman received upon conversion of the debt and preferred, which totals 4,578,263 shares.
David
This is his previous email regarding the SS.
David Waldman
Thu, May 20, 10:54 AM (7 days ago)
to me
Hi Shana,
The 10Q clearly states 10.9 million shares as of May 11, 2021.
If you look at the SEC filings, it shows that insiders, which are NOT part of the float, had 1,169,870 shares at December 31, 2020. You can add to that the shares Mr. Beyman received upon conversion of the debt and preferred, which totals 4,578,263 shares.
In addition, many of the current shareholders still have shares in certificate form, which have restricted legends on them. The Company has disclosed that when you add these to the insider shares, there are just over 3M shares in the float excluding restricted shares. I have personally reviewed the documents from vstock and can confirm this is in fact the case.
Its also important to note that with trading algorithms, day traders, etc., it is not uncommon for companies to trade many times their float and even multiples of their market cap.
David
This will most likely be my last communication on board regarding the SS, unless something changes. Each shareholder can decided for themselves what they want to believe. I strongly believe that the company is telling the truth.
