Continued Schooling Bois(S-3 vs S-1 now treasury shares) as the below information seems to refute Dixon's publicly relayed claims or was there a buy back supposedly in the financials even though it would not be allowed
What Is Treasury Stock? Treasury stock, also known as treasury shares or reacquired stock, refers to previously outstanding stock that has been bought back from stockholders by the issuing company. The result is that the total number of outstanding shares on the open market decreases. Treasury stock remains issued but is not included in the distribution of dividends or the calculation of earnings per share (EPS).
KEY TAKEAWAYS Treasury stock is formerly outstanding stock that has been repurchased and is being held by the issuing company. Treasury stock reduces total shareholders' equity on a company's balance sheet, and it is therefore a contra equity account. The cost method and the par value method are the two methods of recording treasury stock.
Re: Outstanding shares Post by TimGDixon » Tue Dec 06, 2022 3:54 pm
noslippas808 wrote: ?Tue Dec 06, 2022 3:50 pm noslippas808 wrote: ?Tue Dec 06, 2022 3:50 pm
TimGDixon wrote: ?Tue Dec 06, 2022 3:43 pm
Nothing happened other than an increase in shares to 4.5bn. No coconuts, no go. ok wait he have a 4 billion float now? what are all those shares being used for ? and how did everyone on ST know this drop was dew to dilution? no dilution. these are treasury shares for s1 reserves required in our upcoming amended filing. routine biz kaikaina
When can a company do buybacks? When profitable public company has excess cash, it can purchase shares of its own stock on the public market or make an offer to shareholders, known as a stock buyback. The Inflation Reduction Act includes a 1% excise tax on this practice, beginning in 2023. But there are mixed views on how it may affect investors.Aug 19, 2022
Which companies are permitted to buy back its shares? 13.5. 2 Unlisted Public/ Private companies are permitted to buy-back shares in of the following methods: (a) from the existing shareholders on a proportionate basis through private offers; (b) by purchasing securities issued to employees under an ESOP or Sweat Equity.