onyx...you're going to make me say this aren't you?...
For once I agree with Sterling.
What he wrote sounds much like my posts of yesterday.
I only once speculated numbers in a valuation model a few weeks back, but it was based on much of what is known and comparisons from neighboring companies.
Here for once, he is doing the same thing for the most part, based on facts and perspective I do agree with.
I think the contrasts of SGGM and CMKX are profound given what we see in share price difference.
SGGM - 950 billion outstanding shares
CMKX - 800 billion outstanding shares
SGGM issued 200 billion restricted shares. Restricted or not, they are still part of the O/S. Being that they are only part of their O/S, we can safely say SGGM's O/S > 200 billion shares.
CMKX's O/S is unknown...HOWEVER, if you saw in my post yesterday, Urban's shares (51%) are RESTRICTED SHARES just like the 200 billion of SGGM are restricted. Urban's shares are restricted until 2006.
SGGM owns only 5% of CMKX's claims.
CMKX IS THE CLAIM OWNER, CONTROLLING the VAST MAJORITY of claims which are KNOWN to have over 100 anomalies!
SGGM's last trade at 9:46:10 - .08/share.
CMKX's last trade at 9:56:46 - .0004/share.
The contrast is profound.
Say SGGM's O/S is 400 billion (including the 200 billion RS)
Say CMKX's O/S is 400 billion (remember Joel...)
Let's quickly recall Urban's shares. Aren't they restricted as well?? You bet they are.
Thus, we can conclude that SGGM and CMKX could have roughly the same O/S and tradable float.
The contrast is profound and worthy of further discussion.
Be well, Bo
