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Re: Louislasvegas post# 33562

Monday, 11/04/2013 5:12:58 PM

Monday, November 04, 2013 5:12:58 PM

Post# of 44231
I don't need to check with anyone. It is in the SEC filings I quoted in my original post about the float. I previously thought the float was higher--close to 400 mil shares but there never was a chance that the float was any higher than that as the management team controlled the voting rights of over 400 mil shares as necessary to increase the AS and OS without having a proxy vote. The shares sold privately are still owned privately and the owners have given management voting rights.

Privately owned shares are not part of the float. It doesn't matter if they are restricted or not. The float in only the shares that are freely traded publicly.
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