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Post by kpm1028 on Apr 15, 2015 17:02:15 GMT -5
Anyone check out page 19, regarding insider ownership. I was of the understanding that Al and trusts owned around ~50% of the float when its actually over 70%. Given the numbers on page 19 insiders own 299,897,174 of the 409,102,478 leaving 109,205,304 for everyone else. Am I correct in assuming then the real float is around ~110 million? Thanks for everything you guys do on here!
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Deleted
Deleted Member
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Post by Deleted on Apr 15, 2015 17:04:29 GMT -5
Your math is off. Read the footnotes. Mann's shares arent summed, they show in multiple places.
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Post by kpm1028 on Apr 15, 2015 17:06:31 GMT -5
thank you i just noticed, disregard the post
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Post by tigiron on Apr 15, 2015 18:28:18 GMT -5
thank you i just noticed, disregard the post How many or what percentage the insiders own then? ~ 50%? |
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Post by otherottawaguy on Apr 15, 2015 20:21:13 GMT -5
Keep in mind that there are approx. 100M shares owned by the institutions that make up a considerable amount of those on loan to shorty.
OOG
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Post by MnkdMainer (MM) on Apr 15, 2015 20:30:47 GMT -5
Keep in mind that there are approx. 100M shares owned by the institutions that make up a considerable amount of those on loan to shorty. OOG I thought that was just a convertible loan and that the note holders would only own shares after conversion which has not yet happened and may not happen. |
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Post by otherottawaguy on Apr 15, 2015 20:55:35 GMT -5
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Post by MnkdMainer (MM) on Apr 16, 2015 8:54:29 GMT -5
So there are approximately 100 million shares held by institutions. But that is a separate matter from the $100 million convertible loan. How does the convertible loan relate to your earlier post?
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Post by otherottawaguy on Apr 16, 2015 12:34:47 GMT -5
100m convertible would only add 5% to the shares out at current price.
The point being is if Dr Mann et friends control 39% of the float (406M) or 160M (corrections welcome)
and with Institution control 25% or about 101 M (these are probably a good number of the shares that are also short)
Gives a net reminder of 140M share from which the shorts need to cover 95M shares.
Add to this that 9M of those shares that are mostly likely short are not included in the 406M begs me to ask where are they going to get them (100M) from.
As to share count by end of FY 2016, you should be setting your sights on 460-470M once all warrants, management perks and bond conversions have run their course. The warrant will still cause Dr Mann's ownership to remain neutral as he holds a wack of warrants at 2.70 and 2.60 pricing for partial shares.
Just as a caveat here I think we had a poll showing that the longs here are holding in excess of 2M shares (done back when there were only 600 members) and another poll showed that the of the current membership (1000+ members) about 25% will purchase more if their respective threshold decreases in PPS are met (ie more cash avail or pricing at 5 or less).
OOG
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