According to you, RH is printing up shares, increasing the O/S count, selling them into the market either directly or indirectly, increasing the float.
He is cancelling 13,975,000 shares from the O/S count on or before December 15th, 2007. According to my calculations, that will put the O/S at or near 85M, with a float of around 44M. Anytime a pinksheet company was increasing O/S, and selling into the float, the O/S kept increasing. I have never seen an O/S count reduced with a float increasing, how do you explain that? Are you worried about a total O/S of 85M?
Can you provide any examples of a pinksheet or other company that is printing up O/S, selling them into the float and then cancelling restricted shares that remain, to reduce the O/S back down to before they increased? Wouldn't they eventually reach a point where all restricted shares are gone and they all end up into the float?
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Doc