$SNTX - on December 5th the CEO tweeted: "our DTC float # remains unchanged with no new deposits." The DTC Float number at that point was 2,648,719 and had not been updated since July 8, 2022.
The Held at DTC number 23,792,538 might be the same (it was last updated on 11/09 which is 5 weeks ago), but the Float number hasn't changed since July. It's an important difference.
The Float number represents the number of shares in the public float that can be traded, and the Held at DTC number is the number of shares that have been assigned a DTC number for the purpose of being put into someone's account. But have not necessarily entered the public float as they hadn't traded yet.
In the same tweet the CEO said, "we are updating OTC Markets securities detail share FLOAT to be more transparent" That hasn't happened. So when he says the Float number is the same then that means 2.6mil shares and I don't believe that to be true.
In the last 8 trading days, the stock has traded 25.6 mil shares, which didn't happen with 2.6mil in the "Float". If he is, as you've stated said that the new float number is the 23mil share number - then this level of trading would make sense. But the CEO has to know the difference between the "float" and the "held at DTC" number. And when he says he's going to update the Float number for the sake of transparency, he should get that done.
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