InvestorsHub Logo

pennyguru36

09/17/14 11:26 AM

#7041 RE: kentonmag1 #7040

I think the forward split was announced when the outstanding share count was at 8,252,502. That means that the outstanding shares went up to around 37,018,669 as of Dec. 3, 2013. However, the shares were restricted hence the low float of 1,634,451 as of the same date. After the restriction passed which was sometime this month you can see that the float increased,but not the outstanding shares. I believe that the outstanding shares will not change, but the float will. Regardless, the float is very small for a penny stock and the outstanding shares of 43 mil is small as well. Additionally, i believe that the majority of the outstanding shares are obviously held by insiders which will probably not be selling anytime soon. I have been to Grillit and the food is great. I hope this explains my understanding of the share issue. Just my opinion and thoughts. Good luck to all.