Current O/S count is 3,001,732, with 2,176 of those shares being restricted, thus the float is 2,999,556. There are 20 million preferred shares that can't be converted to common .....
"The current share structure of the company is 23,001,732 total shares issued and outstanding with 20,002,176 of those shares being Restricted Shares (20,000,000 Preferred and 2,176 Restricted Common Shares) and the remaining 2,999,556 Common Shares are in the public float.
The company has filed to reduce the authorized shares to 50,000,000 opposed to the previously announced reduction of 500,000,000 shares by Board Approved Resolution with the Secretary of State of Delaware and should take effect within the next 2 to 3 business days, no additional un-restricted or restricted shares have been issued.
The 20,000,000 Restricted Class of Preferred Shares which represents the entire holdings previously owned by Mr. Edward Hayter were purchased by Michelle Shearer, President & CEO of Three Sixty, Inc. and carry all applicable restrictions. The class of preferred shares carry a 100 (common shares) for every 1 (preferred share) of voting rights and are not convertible to any common shares."
"joe natural, can you explain why the market cap is alledgedly around 2 million (i think) even though there are around 20 million O/S...i realize the float is very small but shouldn't the O/S be used to determine market cap? thanks"
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