Maybe we are all having a misunderstanding here, but your posts before were not worded in a way that made it sound as though you were questioning what percent 120 million would be of outstanding shares. You posed your questions as to call into question what the 7% referred to.
That they may skunkyard or they may have a good estimate. However, you and I aren't likely to find that out until Spooz or 141 is ready to spill the beans.
We may not know that until the IPO. I'm patient... I'll wait and in the mean time save some pennies waiting to see what the PPS is going to be when 141 is offered.
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