Lion, its something that the company has discussed, and they just don't want to speculate about. They will address it as best they see fit.
This is not going to be another pinky play where the company claims "Its NSS" and be done with it, IMO!
They're looking at the share structure, they know the "available" OS is 50M. Of that, 5.3M is restricted. They have access to 18M+ of it, with the deal they are trying to do with ALL of the remaining Munro shares. There certainly is no more than ~32M "free-trading" (50-10-5.3-3) at this point in time. The "true" float (OS-restricted shares) appears to be slightly less than 45M, factoring the 5.3M of Munro's that are restricted, plus the company's 200M.
The "free" float, those shares in street name and held at brokerage houses, would align with your number of ~35M (50M OS-10M Munro certs - 5.3M Munro restrictions). If the company finds out that there are more than Munro's shares in cert form, then the "free" float could be even lower.
I am speculating, of course, but when I see the numbers being bantered about here, folks on this board may easily control more than 10M of the free float.
You have ~2M, Cat has ~1M, N2Bugs has ~1M. I am the "short straw" with 750K, but I think I remember seeing that Kateric, Shamantiks, Argyll, Learningasitgoes, and JigFish imply some pretty significant holdings of their own.
How many do the other investors here hold: DFB, Pascal, Arrow, LORTAP, Michael E, Uptick, eMark, unohoo, New & Curious, Nivrama, etc haven't given any indication of their volume, but collectively, its probably a pretty healthy number as well. This is what I am basing my opinion on.
.......and we all remember when John posted that he was now ready to commence purchasaing HIS 5M shares...... perhaps he has, helping to buy up some of the available float.
Bottom line: IF the longs are holding, the lowballs have to end at some point, and for me, the sooner the better. Then lets have the company on its own merits show us, tell us, and prove to us how they're going to get us north, and keep us there.
FWIW, and IMO
Don't Drink It, just Sip It....then move on to the next play
Don't Drink It, just Sip It....then move on to the next play
