True, but you obviously need a lesson on what it means to have restricted shares. Restricted shares mean they are unregistered and certain guidelines have to be met in order for them to be issued: usually a time period of a year and achievements of a certain earnings is required to have restricted stock transferable. This means effectively the O/S will be 9M+ indefinitely until further notice and the merger shares are restricted and won't directly have an effect on the float.
The 750mil is not registered and will not be able to be sold for one year. And then only a small % per month. - per SEC rules.
When I reviewed the filings of a few other Ecigs/vapor stocks I noticed warrants and preferred shares that are not considered part of their O/S. and the 750mil issued to Vapor Group is similar- they could become tradable at some point - but it will be a year or more.
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