O/S statement makes sense because the TA is careful to distinguish between restricted and float. Email from TA: Monarc Sep-05-2008 A/S - 650,000,000 O/S - 378,346,637 Restricted - NIL --- <a href="http://pinksheets.com/pink/quote/quote.jsp?symbol=MONA" target="_blank">http://pinksheets.com/pink/quote/quote.jsp?symbol=MONA</a> Sep 23, 2008 A/S - 650,000,000 O/S & Float: 213,432,988