When you add up the unresolved trades, it totals 198,745,299 and the total volume so far is 408,891,608.
About 50% of the volume is unresolved trades and at this rate, it would be another 5 months before the lenders maxed out the authorized share limit of 5 Billion.
Remember, the lenders are having to pay the TA from their own pocket at $35 per transaction. Just to pay the $35 would require sales of 113,000 shares and with 7 lenders each paying $35, it would take 816,000 shares just to cover the conversion fee. You can see why the lenders are not converting every day. They have 45 days to convert so they wait at least close to the limit so that the fees don't sap all their profit from sales. That is why you keep getting the same number from the lender when you ask the TA way too often. Sometime in late April, the outstanding share could probably jump from 3.6 billion to 3.8 billion.
I have never shorted nor intend to have any financial interest in this stock. I am not connected with anyone who trades, shorts or has financial interests in this stock. I only post facts and my opinions. I do not post on IHUB with different aliases.
