Tuesday, August 31, 2021 1:01:29 PM
You need a new abacus. Here is why.
If there are 1,093,000,000 issued and in the float and the dividend is $.0000625 per share.
That comes to $68,312 cash used for the dividend.
If the CEO owns 700,000,000 the CEO gets $44,000.
The rest is divided up between the remaining 393,000,000 which includes the 108,000,000 float.
108,000,000 in the float totals $6,750 and the remaining 285,000,000 get $17,812.
The $68,312 is divided equally between all the issued and float shares. No one gets more of the dividend then anyone else because it is based on a dividend per share.
If you own 10,000 shares you will get $6.25 from your broker. If you own 10,000,000 shares you will receive $625 and so on.
We own 30,000,000 and that is being increased but at 30,000,000 we will get $1875 regardless if they are shorted shares or original shares, the brokers have to pay out that money.
If GNGR is shorted, the brokers will have to pay the dividend and close the short.
Gunther Grant could have used the money to go to OTC current I’m sure so at this point it looks more like a corporate action to expose shorts that would otherwise not be exposed if GNGR were to just file to be current.
At this point it seems GNGR is going tactical not the OTC status quo.
We like that move.
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