InvestorsHub Logo
icon url

kfa670

05/19/19 1:46 PM

#227978 RE: flipper44 #227974

I would say that's a good thing:) If the fully diluted turns out to be 1.1B, I'd like to see the float around 100 mil. The rest locked up by the inside.
icon url

kabunushi

05/19/19 1:52 PM

#227979 RE: flipper44 #227974

It didn't. This is a very obvious mistake in using the simple calculation of total shares outstanding minus 196M attributed to insiders which includes warrants and options. Quite possible that DI prepared the document for the first time and didn't do the sanity check vs last year to realize the algorithm was wrong.

Flipper, you are obviously a very smart dude. Why oh why do you still sometimes like in this case you get your pants twisted over what was all along a complete nothingburger of a reporting error, I don't know. Jerry totally had it right with his response to this, 'this is meaningless, ignore it', unless one wants to nitpick endlessly, to what end? Just to pound on LG or DI for making a bit of a dumb mistake? News flash, management is not perfect.

Incredible wastes of time and energy on this MB on minor mistakes and posters getting confused and that gets followed up by more confused speculation often followed by very clear explaination like ex supplied in noting that the figures correspond to the numbers we know for total shares out and the 10-Q or 10-K insider holdings which obviously are the wrong subtrahend for this report for obvious reasons. Ex very obviously hit the nail on the head - why are you still failing to comprehend the very simple explanation, Flipper?
icon url

beartrap12

05/19/19 2:30 PM

#227984 RE: flipper44 #227974

Flipper, Dave Innes told me all mistakes were fixed, so let’s wait till Monday and see what the corrections were. I actually did ask him about the 77 mil difference in float in an email, but we never got to it on the phone. I’ll ask again, if it isn’t rectified by Monday.