Friday, October 31, 2008 6:20:10 AM
Currently, anyway.
O/S 1.2 or 1.3 Billion, maybe a bit higher by now
Float ... well, insiders aren't holding many , if any , so I guess most of that O/S is in the 'float'.
Important: Convertible Preferred shares, warrants, etc held by NEOM's toxic financier Yorkville Advisors (formerly Cornell) give YA rights to something over 20 billion shares if I recall correctly.
That number fluctuates with the share price. Back when the share price was .008 the company actually said in an SEC filing that all financial instruments together could be converted into 7 or 9 billion (which was it guys?) shares. We talked about that amazing number a lot, in light of the 5B A/S ... and in the company's next SEC filing they decided to leave that number out , as it would have been much higher and , well ... scary lol.
Anyway , YA has been moving steadily towards an increasing percentage ownership in the company , by way of their 'rights' , not by way of direct share ownership at this particular moment. They'll exercise those 'rights' when the time is 'right' ... for them. Meanwhile there has been a steady drumbeat of YA converting Preferred Shares and dumping them on the market, and that , combined with the knowledge of their 80-97% ownership depending on how YA decides to play this , has helped to drive the PPS down to low sub-penny.
FWIW and FYI
jonesie
Yorkville / Cornell Tracking Board #board-9964
"I can think of no more valuable commodity than information"
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