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Re: A deleted message

Wednesday, 07/17/2013 3:55:53 PM

Wednesday, July 17, 2013 3:55:53 PM

Post# of 38473
Okay... I'm not sure I understood everything you wrote but I can correct you with this regard...

According to their latest filing there are 852 million shares Issued and Outstanding (of that amount how many of those which are trading is the float.... I clarify this because you seem to confuse Issued and Outsanding share counts as the float when that is not the case... I/O shares- minus shares held by institutions, company , retail etc is the float.) and 3 billion authorized.

When you issue new shares, you don't get to pick and choose which shares are diluted. If you issue more preferred then the preferred get diluted.. Each one of them regardless of the holder.

When you dilute the commons, as UBRG did by 67% then all of the commons get diluted regardless of whom they are held by.

So even if a majority stake holder took up those shares they still were diluted AND the only way shares can get less diluted is by:
1.) share buyback and retirement
2.)3rd party purchaser and retirement
3.) Reverse split.

You don't have to take my word for it either. If there were any evidence that a majority stakeholder were retiring shares you'd see a price rise and those gains would be kept as long as the retirement outpaced the issuance WHICH IN THIS CASE it has not.

I need to add that in the same quarter ending 2012 there were 673 million shares I/O. And ONLY 1 BILLION AUTHORIZED ....
Now put on your math cap... 673 million shares I/O then... And now 853 million (25% increase in I/O) and 3 BILLION authorized ( 67% total dilution)

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