Yes you are correct if the O/S was 4 billion. They would have had issued all their shares in the A/S for this to happen. I believe the O/S will be less than 40 million and I wouldn't be surprised to hear something from the Company next week in a PR stating what their Share Structure should be after the R/S and how the dividend shares will have to be extended due to the fact the brokers haven't received the certificates yet after the split. I basically bought fake shares last week. This is going to get interesting next week.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.