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Johnny J.

04/15/21 12:42 AM

#19938 RE: DrivenByPain #19937

With much respect, this is how I understand it:

The public float equals the total number of unrestricted shares NOT HELD DIRECTLY OR INDIRECTLY by an officer etc.

Unrestricted shares can be held by officers, directors, 10% control persons, and affiliates. The number remaining after such allotments (of unrestricted shares) would be the float.

Perhaps this is an incorrect take and my apologies if so.