No, lets not get carried away. He is going to redu
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Posted On: 09/27/2017 6:25:23 PM
No, lets not get carried away. He is going to reduce the shares outstanding by 1.4B and the preferred by 30MM. The other 1.4B reduction is in the authorized shares (the amount authorized to be sold). An authorized share reduction eliminates those shares for future dilution. After this happens, we will have about 2.4B shares outstanding and an authorized "ceiling" of about 3.6B.
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