I agree with you guys all about SPNG mgmt, but for you to have closed minds regarding NSS leads me to believe there is reason for this.
And if you reply to a post of mine, please copy entire sentence. It was a rebuttal to puppy about using using "authorized" in reference to having restriction lifted via opinion letters. We are all in agreement here, but the copy and paste took my verbiage completely out of context.
Restricted shares are ALWAYS a part of total authorized shares. For the restriction to be lifted converts them to unrestricted, thereby able to be traded in the open market.
Whether intentionally or not, puppy kept saying opinion letters authorized restricted to be traded. This discussion has no more merit, since the clarification has been made that "restricted shares are a part of the authorized share count - simple math formula - Float + Unissued + Restricted = Authorized share count."
Can't get much more simple than that and, if OBO + NOBO > Authorized Share Count, then there is uncovered short sells for a security. This is not a SPNG argument, this is a clarification of when NSS exists.
