InvestorsHub Logo
Followers 12
Posts 3502
Boards Moderated 2
Alias Born 07/11/2022

Re: Chivito post# 102716

Monday, 12/19/2022 11:20:46 PM

Monday, December 19, 2022 11:20:46 PM

Post# of 171998
If you're talking about SRNW, that was like 90% the first time and the latest round is another 50% (off the top of my head, haven't bothered to check to make sure).

From my perspective, 10% isn't quite significant, but my expectation is 291M based on that being the number of restricted shares.

If it is 400M+ then I'll be pleasantly surprised, and that's more in line with what I consider significant. 400M is about 1/6, 800M is 1/3 and 1.2B is 1/2.

I'd be surprised if we get anywhere close to 1/2 though, as my assumption was new investors had purchased at least 1/2 since Sharp became custodian. Based on a completely mistaken view of what accumulation means, he doesn't have room to cancel any!

But checking actual accumulation since 2018-2020, I think 240M-290M seems the most likely range, and it could possibly go as high as 450M.

If someone can't tell that a shell is a shell, can you trust anything else that they say?