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