The float prior to the split was 1/2 the outstanding shares, because that was all it could be with the authorized share level at that time. Now, who knows what the float is. Like I said HISU could have already issued 4 billion shares to the MMs to sell, you or I don't know. But most likely they have since all they intended/admitted to doing was just that to raise more capital to keep the doors open. They are diluting. In a perfect stock where the company wasn't admittinly diluting then yes we could say the float was 1/2 the outstanding shares before and after the split, but not here. We have been with this company 2 1/2 years and when I started it was about 1.5 billion, and they have been diluting ever since to keep the doors open, and still need to do so.
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