564,000,000 O/S is PROVED by the math
Mr. Bojangles,
Thank you for taking the time to contribute to this fascinating topic. But you are wrong. The numbers I have posted are
not speculation, they are proved by facts and math.
The 09.17.07 PR states clearly and unequivocally that AERO shareholders were to receive "Restricted" stock at the closing of the merger.
RESTRICTED STOCK = issued and outstanding stock
The Oct. 1, 2007 "10 K" listed the O/S at 964,000,000.
400,000,000 shares were cancelled and retired on October 4, 2007... leaving 564,000,000 in the current O/S.
Mr. Bojangles wrote:
"564 million will be the float (free trading) not the OS. Aero shares will be restricted, but still part of the OS. Please stop spreading false hope.
You also alleged that the O/S would be 1 billion shares.
The math proves your analysis to be way off.
Just do the math and you will be psyched like the rest of us:
This is the formula:
FLOAT = "O/S" - "RESTRICTED" shares
O/S = 564,000,000
The FLOAT is reduced by the amount of RESTRICTED shares currently registered in the O/S.
We do not know how many shares in the O/S are "RESTRICTED" so all we can say about the FLOAT with certainty is that it will be less than 564,000,000 shares.
However, the "IMPLIED FLOAT" will probably be less than 285,000,000 shares since we expect AERO to be the majority shareholder and to be long FCCN.
In other words, if AERO is not selling at this time, the IMPLIED FLOAT is probably no more than 285,000,000.
Regardless, the actual FLOAT is certainly less than the proven O/S of 564,000,000.
