I stand corrected tradeable float that includes multi year shareholders.. 70M-80M lower..
The Company has 436,399,500 common shares issued and outstanding. The number of authorized common shares is 450,000,000. A share issuance moratorium is in place until September 15, 2010, which prohibits company management from issuing additional common shares. 70,546,600 shares, held in certificate form, are restricted. There are 36,766,700 additional unrestricted shares on physical certificates held by shareholders from the 1990s. This leaves 329,086,200 shares on deposit with CEDE & Company (Depository Trust & Clearing Corporation). As stated above, 71,207,800 of the DTCC shares are held by multiyear individual investors. The Company holds 888,681 shares in its brokerage account. Therefore, a fair estimate of the real float is between 250,000,000 and 260,000,000 shares.
Before - 329,086,200