Replies to post #4538 on Bemax Inc (BMXC)

[SFGiants]

I'm well aware of what "outstanding shares" means...

My point is that the 180,000,000 + shares that were converted definitely haven't hit the open market...they are being held by the debt holder. Yes, they are included in the OS share count, but that doesn't mean they have been traded.

I'm not bashing, i'm just stating an observation.

Converted and trading are two different things.