Good morning Tim. Zen and I kicked around
reasons why we both ordered (and have received) our certificates based on our own reasons. Some reasons can be triggered from Willy's post in the likelyhood that NSS exists.
It is truly one's own personal choice to do so.
I'm not going to spend too much more time with it, but I just wanted to touch on 2 things from his post.
First the 32,000 SH's who own the stock in street name, and the ~9,000 who requested certificates or a non-listing of their name.
I have 60% of my holdings in certs. Thus I hold 40% in streetname. Zen also has holdings in certs and street name.
I believe Dr.D has stated he holds both positions as well.
I would contend many who have requested certs, also have some left in street name.
Thus, I don't think you can add the ~9,000 in total to the 32,000 figure to arrive at 41,000 shareholders. Unless it can be clarified by further DD that 9,000 people requested 100% of their certs, I'm thinking the total SH number to be around 33,000 - 35,000.
Next he assmues that the amount Urban owns is at least 51% and this amount should be added to whatever the O/S should be.
I'm not seeing it that way. Even thought Urban's shares are restricted, they are part of the O/S. So if he is assuming our O/S is 400 billion, Urban's shares would count in this figure as well, not add to it.
Please note in all of this, I would like to see further confirmation that such a verbal exchange with Carol at UCAD occurred on Saturday.
Onward, and hope we all have a week to smile about. : ) Bo
AI
