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Re: hoffmann6383 post# 508917

Monday, 08/29/2022 12:05:47 PM

Monday, August 29, 2022 12:05:47 PM

Post# of 688880
I responded to a post claiming the share count is 1 Billion and WILL BE WHEN UK APPROVAL OCCURS.

Share count has been over a billion for more than a year, I would have to look back to see how long ago we crossed that mark, but it was a while ago. 1.5 Billion is the current (as of May) share count. Using 1 billion is 100% wrong. Using 1.5 Billion as of today is 100% wrong, although it could be quite close. Using 1.5 Billion as of 5 months from now, assuming it does take 5 months for approval and the MAA was filed when the PIP was filed, will 100% be wrong but may be close, or could be off by 100MM-250MM-500MM depending on how many C shares they sell, and how soon after the ASM they sell more shares and their lenders buy more shares.

It is usually best to make your predictions using conservative numbers rather than wholly unrealistic numbers from 1+ years ago. When I think about price projections, I use fully diluted shares so that I get a worst-case scenario and can hope that things are actually better. However, Roman516 said that FeMike's numbers were off by 25-40%, when in fact, $12-15 a share with 1.5 billion shares is $18-22.5 Billion (FeMike said $ 20 Billion, right in the center of that range), numbers doubled at the 6 months mark, $36-45 Billion, in the middle of which is $40 billion. So FeMike's numbers are pretty much spot on with current outstanding shares.
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