"RESTRICTED SHARES are counted as part of the O/S but not the FLOAT." There's no evidence at all for the comment in this morning's post that half the outstanding shares are restricted. In fact there's no evidence at all that any of the pre-merger shares are restricted. Hence my obvious comment that there's no evidence that the float is less than the outstanding shares.
exchange up to 95% of its total issued and outstanding capital stock 95% of the outstanding stock is about 450 million. 95% of the issued stock is about 4.75 billion.
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