no each one within the 475-482 represents an entity ..

but as i've noted there .. and probably here

it still works out in a revealing math formula .. if *those with interest*
break out the numbers (IO divided by *entities*)

note the holders runs from 475 in 2014 to 482 in 2017 .. an increase
(albeit a small one) .. but the real issue is the *consistency*
of those who remain P2O investors via certs and various B/D firms

doing the *math* .. this is from post .. 298868 .. there

in 2014 ~

475 entities into 96,292,243 IO = 202,720 PTOI *shares* per entity ..

in 2017 ~

482 entities into 124,756,158 IO = 258,830 PTOI *shares* per entity ..

PTOI *volume* engendered from June 2014 thru EO March (not April) 2017 = 62,628,394

  Jun 2014 - Dec 2014 = 18,951,800   

  Jan 2015 - Dec 2015 = 22,275,997    

  Jan 2016 - Dec 2016 = 19,759,802   

  Jan 2017 - Mar 2017 = 1,640,795

otce.finra.org/MonthlyShareVolume

this data could be proven rather easily if RH spent the money each month
sourcing the OBO/NOBO list .. i'm gonna lay odds that RH probably hasn't
if i'm wrong .. every actual P2O investor who wanders by NF can request
a visual of that data .. it's actually handy to see what (and all entities' collude)
is held and what changes by month and by Q ..

just me but i suspect i'm one of the larger PTOI *share* holders @ Fidelity ..
but i know for a fact that i am not the only P2O investor with PTOI *shares* held by Fidelity

and imo ETRADE has been upside down on PTOI since 2012 .. (one reason
why some actual P2O investors left Etrade for Fidelity over the last year or 2)
which is why it's always interesting (for me at least) to see when activation
ramps

this is just one reason why i note who *reports* what (MM Monthly) to Finra
re: PTOI's *volume*

it too reveals *intent*

4kids