Quality Industrial Corp (QIND)

[Helter Skelter]

I'm surprised that the float isn't going up much quicker...

Because the total amount of shares to be sold pursuant to the Purchase Agreement may not exceed one-third of our public float in a 12 month period, the 4,500,000 shares offered by the selling shareholder must be added to the amount registered in this offering, or 1,470,000 shares, for a total amount of 5,970,000 shares of common stock, which collectively amounts to 33.33% of our public float.

So the public float would be ~18,000,000 back then (Nov).

Float 12/29/21 17,743,879 x .333 = 5,908,712.



Not sure what exactly is going on, looks like ~2.5 million have been served up. The float and the purchase agreement...I dunno...