Replies to post #5380 on Cannon Exploration Inc. (fka CNEX)

[THECRAPSMAN]

0.002 bottom seems to be holding up well

[Carnac]

Olibri, the only safe shares that can't be sold "float" are the restricted!!!! Everything but the restricted in the AS can be sold which is what Cannon is proving right now, hell they even authorized an increase in the AS just for safe measures.

[Rayland]

Olibri,
I was talking about the float..not out standing shrs..

Here’s a simple example with numbers to illustrate the relationship of these different shares:


Authorized Shares – 100
Unissued Shares – 20
Restricted Shares – 10
Float – 70 (100 – 20 – 10 = 70)
Outstanding Shares – 80 (10 + 70 = 80)