"Indisputable fact indeed...."
You must be kidding?
I do not dispute your the number for the sake of disputing the number, I even herein gave multiple logical scenarios demonstrating that the number could be anything we want to justify (requirement of cashflow, requirement of fundings to acquire or re-acquire ownership of Veltex Mills, ...)
I do it because:
1- Anything coming from an official release by the company is disputable and it will be so, till a credible, identified, third party (auditor, SEC report,...) will support company claims.
2- In this case you got a lucky (the infamous guy answered live) verbal quote from someone nobody knows, answering the phone and giving you a company approved or a made-up-on-the-spot number.
3- We learn about it thru someone operating behind an alias (anonymous) person on a message board.
4- The credibility of the number should get better relative to the number of time this unique anonymous source post it on the said board.
You are obviously not crazy or idiot, on the contrary.
Therefore your affirmation that bottom line is that THE number is "Indisputable" only "suggest" (I didn't say prove) you have an hidden agenda.
For me, there may be 2, 6, 20 or even more O/S out there (all disputable numbers), function of the hypothesis I want to work with.
In any case I still do not know what's behind whatever number of shares there are (any information from the company is actually disputable).
All I "try to believe" (but do not yet)is that Veltex (all of it) effectively generate financials as those recently released.
On that basis, for the CURRENT PPS to be justified, these financials must mean that the profit per share is more or less $0.25/share. That would be, if the number of share was more or less (7,000,000/$0.25) 28,000,000 O/S.
AND THAT IS ABSOLUTY DISPUTABLE.
