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Re: 9HikeDiscGolf post# 17595

Friday, 06/29/2012 10:16:44 AM

Friday, June 29, 2012 10:16:44 AM

Post# of 19444
Actually, I just meant to clarify the situation. I believe the O/S listed is not accurate.

Since the RS, there have been 4.1 million shares traded. Let's assume that each share traded was traded twice. That's 2 million shares.

Immediately after the RS, the O/S was around 4 million with Atwell holding 2.5 million of those. I.e., the float was 1.5 million. I believe the float is now 3.5 million and that Atwell still holds his 2.5 million shares.


Interestingly, last year's dilution was not as rapid as this year's. Last year at this time, less than 600,000 shares had been traded post-RS. It makes one wonder, doesn't it?

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