Share Structure - Update After Close April 23, 202
Post# of 4334
(Total Views: 147)
Posted On: 04/25/2021 10:03:22 AM
Share Structure - Update After Close April 23, 2021.
Transfer Agent Verified
The Share Structure was updated for the first time in a long while on November 24, 2020.
There were no changes to the Authorized or Outstanding Shares from the May 22, 2019 figures.
Importantly, the split between Restricted and Unrestricted within the Outstanding was shown for the first time.
The Share Structure has since been updated at least weekly and - as at April 23, 2021 - the Unrestricted Outstanding Shares count has already been reduced by 394M.
On April 14, the CEO confirmed that there would be no further dilution and that work to reduce the Authorized Shares count had started.
On April 23, the CEO confirmed that the Authorized Shares would be reduced by 1,900,000,000 and showed the documentation being mailed.
Authorized Shares: 8,900,000,000 [being reduced to 7,000,000,000]
Outstanding Shares: 6,558,643,258 [down 394,000,000]
Restricted: 736,693,716 [no change]
Unrestricted: 6,215,949,542 [down 394,000,000]
Held at DTC: 4,835,072,725
Note: It is only the Unrestricted Outstanding share count that is relevant to current trading.
Transfer Agent Verified
The Share Structure was updated for the first time in a long while on November 24, 2020.
There were no changes to the Authorized or Outstanding Shares from the May 22, 2019 figures.
Importantly, the split between Restricted and Unrestricted within the Outstanding was shown for the first time.
The Share Structure has since been updated at least weekly and - as at April 23, 2021 - the Unrestricted Outstanding Shares count has already been reduced by 394M.
On April 14, the CEO confirmed that there would be no further dilution and that work to reduce the Authorized Shares count had started.
On April 23, the CEO confirmed that the Authorized Shares would be reduced by 1,900,000,000 and showed the documentation being mailed.
Authorized Shares: 8,900,000,000 [being reduced to 7,000,000,000]
Outstanding Shares: 6,558,643,258 [down 394,000,000]
Restricted: 736,693,716 [no change]
Unrestricted: 6,215,949,542 [down 394,000,000]
Held at DTC: 4,835,072,725
Note: It is only the Unrestricted Outstanding share count that is relevant to current trading.
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A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.
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