I don't know about all that, ace, as far as 2/3 being bought by the company. Where you got that from is anyone's guess.
But what I do feel is a much better grasp of the situation, with actually knowing nothing as a surety, is this:
It would appear we're now at a starting point of 8bil shares for an o/s. Of which I believe 1-2bil are restricted, thus removing them from the float. But let's be conservative here and say 1bil, which would leave 7bil. Then, Luther, in a formal PR, stated that the company would start a share buy back program of 'up to' 2bil shares, effective immediately, which would remove them from the float, as well. Since I feel I low balled the restricted by possibly as much as, if not at least, 1bil, let's take the full 2bil in buy backs, on this go around. Which would bring us down to an o/s of 5bil.
Now in late February, if I'm not mistaken, Luther said he was in talks with major shareholders to negotiate their surrendering large blocks of shares, also to be retired. So, for argument's sake, let's say he was or on the verge of, success in getting them to fork over 1/2bil shares. That would leave us with 4.5bil, which is where we either stand right now or will be shortly, imo, with the possibility of it being up to 1bil less than that.
Should all that be the case, whether now or in short order, it would put PRPM's share structure right in the same ballpark with most all of the very successful MJ companies on the market today.
I know that probably more than you wanted or needed, but you kinda, sorta asked for it, and so there you have it.:)
Lou
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