I had to read the statement carefully and think about it.
We estimate that odd-lot stockholders who own less than 100 shares represent over 66% of our record stockholder base but only approximately 0.04% of our total shares outstanding.
.04% of the shares are owned by the "losers". Loser = someone that owns <9 shares and has forgotten abotu them in his/ her portfolio. THat, or soemone that cannot spell.
anyuway.
that number of shares (regardless of whom owns them)