Took a bit of time to look at what has been written about the 483 billion share figure. It seemed to be a hot topic that like others, has been beaten like strip steak. Some cases of hyperventilation have been reported. : )
Stock Div. payable in another company Dividend Amount:
+stk Notes:
+.0000155 of a restricted share of US Canadian Minerals Inc (OTCBB: UCAD) for each share held. Will not be quoted Ex. _________________________________________________________________
Now let's look at what we know. The Authorized Shares (A/S) is 500 billion.
If I'm not mistaken, reported retirement of shares totals ~16 to 17 billion. Someone please correct me if I'm wrong. I'm going from memory at this point in the evening
500b - 17b = 483 billion Authorized Shares.
Look at the "+".
OTCBB posted the dividend dates basing the ratio on A/S they believe to be correct. The "+" tells me .0000155 is the MINIMUM shares we will receive. The "+" tells me it is a number in excess of this MINIMUM amount, as their basis is the Authorized Shares.
Let's wait for a PR about the O/S and naked shorting. Let's wait for comments from Atty Glenn and Urban about this issue.
I simply think some might be reading more into what is actually there, or is it just me? : )
Recall the Joel/400bil rumor. I heard Melvin when he went on IBC back then. He was very upset and adament that the O/S was not 400 billion. It was said in such a way that left anyone who listened with the impression that the O/S is less than that amount.
Finally, check my Monday's post of the dividend spreadsheet developed by Canuk. It's information about what to expect from the UCAD and GEMM dividends.
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