Circa Pict. & Prod. Co. Intnl Inc. (fka CPPD)

[ltesprit]

Rickhan and others, you have to understand: The shares o/s is 44 billion. The float (i.e., traded shares held by outsiders) is 21 billion less around 5 billion that are restricted but slowly becoming unrestricted and available to trade.

The most important number is the 44 billion. Why? Think of it this way: if a Wall Street analyst wants to figure out a target price based on P/E, she'll divide the current stock price (P) by the earnings of the company divided by the total numbers of shares outstanding of 44 billion. Not the float.

And if Frank sells the company for, say, $1 billion, that $1 billion gets divided up by the total number of shares outstanding: 44 billion.

You guys getting this now?