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Re: robert-1 post# 33536

Monday, 11/04/2013 4:05:56 PM

Monday, November 04, 2013 4:05:56 PM

Post# of 44231
For shares to be dumped they have to hit the open market.Increasing the AS or OS does not constitute shares being dumped. Privately held shares that are sold into the float are shares that are dumped.

All the recent filings have allowed us to estimated the float.

From the latest 10-Q the current OS is 1,364,719,304 shares

Here are the recently issued restricted share we are aware of shares that we are aware of:

3-6-13 550,674,510 (I will ignore the other nearly 40 mil they said might be sold)

Since 3-11-13 when the OS was 777,625,563 as verified by the TA. 1,364,719,304-777,625,563=587,093,741 restricted shares issued.

Minimum total current restricted shares is 587,093,741+550,674,510=1,137,768,251.

So the maximum float is current OS less the minimum number of shares not being freely traded in the open market. That number is 1,364,719,304-1,137,768,251=226,951,053

Clearly the vast majority of shares that were privately sold are still privately held. While it is possible the shares are still being held because they are still restricted, there has not been any significant dumping of MDHI's shares by anyone.




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