Gee, Gump, somehow you have changed the topic from simple procedure to the omnipresence of bad guys.
Post 162946: You wrote, "I'm an engineer and a good one. We stick to facts." (this is a good way to deal with this issue) You also mentioned that you had no idea about the dividend ratios which were used.
Post 162968: Matrix wrote about how the dividend ratios were calculated.
Post 162967: You wrote that Roger Glenn absolutely, positively could not have made a mistake in the dividend ratios.
Post 163023: I wrote that, if you're right, then there were, at least for a while, 1.5 trillion shares outstanding. We are not talking about the total number of shares for which people might have a beneficial long interest, we are not talking the float, we are not talking about shares which brokers may be keeping in their back closet. We are talking about shares outstanding. "Shares outstanding" has a precise definition.
Post 163027: You wrote in reply to my post that brokers may have requested more dividends than could be allotted.
Post 163041: I wrote that it makes no difference, if we are discussing SHARES OUTSTANDING, how many shares have been requested by brokers. Brokers could have requested 20 million or 400 quadrillion. Whatever. It still doesn't change the shares outstanding. And in this case, if Glenn did not make a mistake--as you allege, there were 1.5 trillion shares outstanding, in conflict with the company's 8-K.
Post 163094: In reply to my post you wrote that the world's a corrupt place. Huh??? How does that change the shares outstanding? If Urban Casavant will one day be Saint Urban II, there will still be the same number of shares outstanding. If Urban Casavant will one day be heading to prison, there will still be the same number of shares outstanding. If everyone at the DTCC is a child molester, there will still be the same number of shares outstanding. If 500 trillion shares have been naked shorted, there will still be the same number of shares outstanding.
At the beginning of the conversation you said proudly that you stick to facts. I would suggest that you do just that. The facts are, as Matrix pointed out at the beginning, that the company has stated that there were 700 billion shares outstanding (post Nevada Minerals), but Roger Glenn has stated through the dividend ratio that there were 1.5 trillion shares outstanding. You are quite adamant that this could not have been a mistake (message 162967). I am not sure whether it was a mistake. But, if it wasn't, then the company exceeded its authorized shares and diluted twice as much as the world-record-setting dilution we are already aware of. There is only one place that shares outstanding can come from--not brokers, not short-sellers, not the DTCC. Only one place: the company itself. And interestingly, while the company seems to be confused or uninformative about how many shareholders it has, how much mining it is doing, or how much assets it has, it has been clear on how many shares outstanding it has issued. Well, sort of clear: either 700 billion or 1.5 trillion.
Irrespective of whether there may or may not be a naked short, these are the facts.
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