O/S as of Dec 31, 2004
301,426,988,913
The O/S right now is ~ 12 billion
301 + 12 = 313 billion
So, that's ~ 313,000,000,000 shares sold into the float. I was using a WAG # of .001 for the average $ amount per share sold. So, 313,000,000,000 shares x .001 = $313,000,000.
So, we will say that 20% probably went to the holder of the CD. That leaves about $250,000,000 for the company. We can account for about 4 mil on the reports....so where is the $246,000,000?