SOUM. Anyone willing on speculating on how there is now 1.4B O/S? It most certainly was not done through retail sale of shares. Count the total of trade over the last month.
I speculate that this was a transfer of new issue with some restrictive constraints. Was it 'bonus' for staff? Payment of salary in lieu of cash? Used for operational purposes (keeping the lights on)?
I have raised my theory on their use...asset building. I am a true optimist. Wouldn't that be nice? Value added is where it should be when use of such a large A/S block is turned into O/S.
These shares really have no value estimate since they have NOT been cycled through the retail market. No supply and demand affect because they HAVE NOT BEEN RELEASED as float...retail sales.
Without ANY means of knowing facts until SOUM management, my speculation is that the majority of O/S are restricted shares issued for the purpose of attaining some value added asset. Given past actions taken by this company, I understand my chances of being correct are weighted against me. But I am standing by it. Management will eventually advise us through future notifications of course. Here's hoping!
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