Replies to post #2169 on Timios National Corporation (fka HOMS)

[End Game]

So what is the float now???
"In addition, the Company also announced a 1-for-500 reverse stock split of the Company's issued and outstanding Common Stock, or the reverse stock split. As a result of the reverse stock split, every five hundred shares of Common Stock issued and outstanding prior to the opening of trading on August 29, 2012 will be consolidated into one issued and outstanding share. The reverse stock split reduces the number of issued and outstanding shares of Common Stock from 55,159,102 shares to approximately 110,318 shares."

Is it the 110,318 shares not held by the major players?

"As a result of the restructuring, the Company now has 2,619,143 shares of Series J Stock outstanding and 2,173,272 shares of Common Stock outstanding, or a total of 10,679,466 shares of Common Stock on a fully-diluted basis."

[srm4u]

As a result of the restructuring, the Company now has 2,619,143 shares of Series J Stock outstanding and 2,173,272 shares of Common Stock outstanding, or a total of 10,679,466 shares of Common Stock on a fully-diluted basis. The Series J Stock is mandatorily convertible upon either the written consent, at any time, of the holders of the Series J Stock, as provided in the governing Certificate of Designations of the Series J Stock, or the closing by the Company of the sale of shares of Common Stock at a price of at least $1.05 per share in a public offering pursuant to an effective registration statement under the Securities Act of 1933, as amended, resulting in at least $10,000,000 of gross proceeds to the Company. The table below reflects the Company's capitalization, after giving effect to the restructuring, on a fully-diluted basis, assuming no anti-dilution adjustments: