It is not possible to claim with any certainty or fact that 70 Million shares are not being sold. Since the shares are not restricted, the fact remains that the shares can be sold at any time at the discretion of the holder. Therefore, those shares must be considered as part of the float.
Security Ownership of Management:
J. Rod Martin-CEO and Director (3) 10,587,467 3.1%
Timothy Benjamin – Chairman of the Board (4) 4,576,000 1.5%
Luis Munoz-Director -- *
Michel Rowland-Director 300,000 *
Ricardo Cordón – Director (5) 4,210,000 1.4%
Brad Hacker-CFO, 5722 S. Flamingo Rd., Suite 151, Ft. Lauderdale, FL 33330 100,000 *
All directors and officers as a group (6 persons) 18,572,302 6.2%
So, all that has been claimed by Management is 18,572,302 and that number includes some restricted shares (not included in the float) and some shares not issued (also not in the float). 70 Million is quite inflated from actual.
