When You Have These Apparent 33M Shares Supposedly Being Dumped By Some "Shell" People
In Which Our "Gene" May Really Be Eating-Up At A Secret Pre-Arranged Discount Rate... On The Open Market
Which Is Affecting The Shareholder Nerve And Their Faith In This Companies Ethics
And The Way You Have Worded Your Post It Makes It Look Like The Full 500M A/S , Or At Least 300M Of It, Is Now All In The O/S
If This Is True, Then That Is Your Real-Deal Problem
I Was Under The Impression That Only 250M Shares Of The Original 500M A/S Are Currently In The O/S
You Now Claim That Out Of The 500M Authorized Shares :
1 ) --- 200M Are Treasury Restricted
( I Sure Hope You Really Mean "Authorized" )
2 ) --- 250M Are Held By Gene + Family
( How Many Of These, If Any, Are Restricted ? )
3 ) --- 50M Left Over To Other "Retail"
( Does Thast Total 500M In The O/S, Per Your Numbers ? )
4 ) --- 33M Of That 50M "Retail" Was To The "Shell"
5 ) --- 15M Of That 33M Was Bought Back By Gene
( Is This The Real Reason The PPS Really Crashed As To Give "Gene" A "Really Good Deal" On Those Shares , And You Are Just Coming Up With Reasons To Hide This Possibility... Uhhhmmmmm ?... Otherwise, Prove It )
6 ) --- Which Now Makes The 250M = 265M Owned By Gene + Family
7 ) --- Which Now Leaves 35M Shares In The "Loose Float"
8 ) --- In Which 18M Of This "Float" Is Still "Shell" People
9 ) --- And Nobody Really Knows What The True Float Is
0 ) --- Are You Gene ?
( Ha Ha... I Think )
So What You Are Really Saying Is That :
Nashville Records Has Dipped Into The Authorized Shares
And Pulled Out Another 50M Shares Without Telling Anyone ?...
Which Now Increases The O/S From 250M To 300M ?
Were These New 50M A/S Shares Converted And Diluted Into 50M O/S - New Outstanding Shares
Also known as "Authorized Shares" or "Authorized Capital Stock"
The maximum number of shares that a corporation is legally permitted to issue, as specified in its articles of incorporation. This figure is usually listed in the capital accounts section of the balance sheet
This number can be changed only by a vote of all the shareholders. Management will typically keep the number of authorized shares higher than those actually issued. This allows the company to sell more shares if it needs to raise additional funds
Restricted Stock :
Insider holdings that are under some other kind of sales restriction. Restricted stock must be traded in compliance with special SEC regulations i.e. Form 144
Insiders are given restricted stock after merger and acquisition activity, underwriting activity , and affiliate ownership in order to prevent any premature selling that might adversely affect the company
Restricted stock cannot be sold without registration with the SEC (under the Securities Act of 1933)or some other special exemption
" O/S " --- Outstanding Shares :
Also referred to as "Issued And Outstanding" if all repurchased shares have been retired
Stock currently held by investors, including restricted shares owned by the company's officers and insiders, as well as those held by the public
Shares that have been repurchased by the company are not considered outstanding stock
This number is shown on a company's balance sheet under the heading "Capital Stock" and is more important than the Authorized Shares or Float
It is used to calculate many metrics, including Market Capitalization and Earnings Per Share (EPS)
Float :
Also known as "Free Float"
The total number of shares publicly owned and available for trading. The float is calculated by subtracting restricted shares from the O/S
For example, a company may have 10 million in the O/S , but only seven million are trading on the stock market Therefore, this company's float would be seven million
Stocks with small floats of less than 3M tend to be a lot more volatile than others