Again, that figure has nothing to do with actual company value. All shares outstanding, including restricted shares will at some point be sold into the market which will add them to the float. They must be used to figure actual market cap of any company. Just for numbers, if this company has 4.5 billion outstanding and a closing price of .0287, then this company's market cap is 129 million, 150 thousand, or 129,150,000. It's that simple.