I just think the sample of July 2016 to Jan 17 might not reflect the
accelerated dilution that was taking place after the AS to 25B.
But you very well could be spot on with your estimate, which would leave
13 to 18 billion shares further dilution to be suffered.
If we're less than halfway there, to the 25B AS, thats hard to stomach.
Until the newsletter, average volume was way down, to 4M or less.
... if I was being cynical I might think they only did the newsletter in
order to get the printing press working again.
Interesting observation on voting rights.
If ER is ever filed, it going to be real interesting reading.