Replies to post #521 on Charlotte's Web Holdings Inc (CWBHF)

[JohnCM]

Not converted. When I study a company for the first time, I look at the outstanding share number, not unconverted shares, or fully diluted number. Nor do I look at the "authorized share" number.

= F

You DD your way, and I will DD my way.

It’s very simple, the outstanding includes all the voting shares that can be converted into common shares....those are issued and outstanding as of right now but not yet converted. These voting shares are held by insiders and do not trade on any secondary market. To liquidate their positions they would need to convert to common shares. So they do form part (a big part) of the capital structure. Anyone buying Cweb believing only 15 million outstanding gets an F in the due diligence category

[ANIA77]

Current outstanding is 92.8M (as-converted equivalent)
Fully diluted is 106.5M

That includes:
13.3M - IPO shares from treasury
3.1M - secondary from selling shareholders
0.8M - US private placement
75.5M - founders and pre-IPO shareholders

Plus 13.8M options/warrants.

Stanley Brothers hold 32%