ImageXpress Corp (IMJX)

[dmoinvest]

I'll accept it as a wash.

Restricted shares which have not hit the street yet are part of the O/S and not the float. Of course, new issues to come for Wages Payable on the book, will increase the O/S and reduce the difference to A/S but will not increase the float.

FYI, it is unlikely that an LLC will go public as LLC's have a restiction on number of members/shareholders which would not support a publicly traded entity. In addition, income is passed through an LLC as a partnership, S corp or sole proprietorship would. They would have to reorganize corporate structure to a C corp. of which IMJX would receive and own their proportional share of their holdings in the LLC.

The pass through income will be reported on the LLC tax return to the shareholders/members via a K-1 which IMJX will have to then attach to their corporate return and report accordingly as a profit or loss.

D