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Re: C Sullivan post# 1113

Tuesday, 02/14/2012 9:38:30 AM

Tuesday, February 14, 2012 9:38:30 AM

Post# of 14136
C Sullivan.... I meant to respond in regards to the share count over the weeked and forgot.

There are indeed 1.1 billion shares approved by the board (now 14.6 million). However, only 785 million (now 10.5 million) were outstanding. The remaining shares are indeed unexercised options and warrants. I am guessing the warrants issued to Warner Brothers etc. are not counted in that 785 million either.

Every company has a total number of shares approved "to issue" by their board in case they need additional financing etc. Obviously when these options/warrants are exercised they will dilute the value of existing shares since they now become outstanding or part of the "float".

Also, Market Cap is calculated on outstanding shares only (so use the 785 number)
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