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Thursday, February 24, 2011 11:57:21 AM
I hope I share it correctly ... It's been explained in the past as follows .. I've bolded a few of the most interesting points
Its entirely possible that the public float can be higher than the OS. Outstanding shares refer to the number of stocks that a company actually has issued. The numbers can be higher or lower than each other depending on which ratio and factors were taken into account to calculate either. Different ratios may use the basic number of outstanding shares while others may use the diluted version, and shorted shares might be taken into account.
It can also represent that a significant number of shares have been shorted, which we know they have. It generally means that the number of shares greater than the OS have been shorted and caused dilution, the difference here is 447,713,494 which would mean that 447,713,494 shares have been shorted since the company first started issuing shares (up until the count was done), and the valid number of shares the company has actually issued is 3,467,378,983. A lot of companies don't do it this way, don't use the method that accounts for shorted shares, but while not commonly used its not that uncommon either.
And thats how the public float can be greater than the OS.
Basically whats being said here is that "we have done an audit, and getting a complete picture of everything", thus the change in the transfer agent also, and a complete audit of share structure is needed for restructuring and before any uplisting moves (not talking about a financial audit here). I would not worry about it, it will get straightened out.
Depending on the Ratio used? What?
Shorting causes Dilution to the share structure? What?
Finally the restructuring of the share structure was explained ... Confirmation of the pending RS .. from the company?
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