TradeSwapper,
Excellent post, thanks for the field report. You touched on area I have a couple of questions about.
You said:
"I asked them if they would be fully open about their share structure and they said yes. I have asked them to have their transfer agent be authorized to disclose their share structure. They seemed to believe this could be beneficial and I hope they will also address this soon. The two principals each own 250M shares approximately so there is 1/3rd of the OS held by insiders. This is very good."
Q 1. Are these 500m (250m x 2) shares restricted?
Q 2. what is the shareholder count?
If my thinking is correct, the 1.4 b O/S minus restricted shares of 500m leaves 900m shares in the float. If you use a conservative number of say 1500 shareholders, that would mean each shareholder would only have to hold an average of 600,000 shares and the float would be entirely held.
Is my loigic/math correct?
tia
wing