Univec, Inc. submitted an official Supplemental Disclosure. In that specific filing, management explicitly reported that the Public Float was 1,105,667,789 shares.
If the float was officially 1.1 billion in 2022, and the live profile today reads 221 million, the data has mathematically changed. A public float cannot organically shrink from 1.1 billion down to 221 million unless the company executed a massive share buyback and retired those shares—which Univec has never done. The 221 million figure is an exact match to the old September 2021 filing.
The cited Dalton holding proves the opposite... The bigger his stake, the smaller the public float... If he's listed with 1.3 billion shares, those don't count toward public float."
Public Float = Unrestricted Shares minus Affiliate/Insider Holdings.
Total Unrestricted Shares: 2,508,790,326
Minus Dr. Dalton’s Insider Stake: -1,303,122,537
Leftover Unrestricted Shares: 1,205,667,789
According to the official management table, every other officer and director (Lamont Ellis, Michael Knight, Lauren Herron) owns 0 shares.
If Dalton is the only insider holding shares, then the remaining 1.2 billion unrestricted shares are, by definition, held by non-affiliates (the public). Therefore, the public float is mathematically forced to be 1.2 billion shares.
For the live profile's float of 221 million to be accurate, there would have to be another 983 million unrestricted shares held by hidden, undisclosed insiders or affiliates. If that's the case, management is violating OTC transparency rules by failing to disclose who these massive control persons are.
PL
If the float was officially 1.1 billion in 2022, and the live profile today reads 221 million, the data has mathematically changed. A public float cannot organically shrink from 1.1 billion down to 221 million unless the company executed a massive share buyback and retired those shares—which Univec has never done. The 221 million figure is an exact match to the old September 2021 filing.
The cited Dalton holding proves the opposite... The bigger his stake, the smaller the public float... If he's listed with 1.3 billion shares, those don't count toward public float."
Public Float = Unrestricted Shares minus Affiliate/Insider Holdings.
Total Unrestricted Shares: 2,508,790,326
Minus Dr. Dalton’s Insider Stake: -1,303,122,537
Leftover Unrestricted Shares: 1,205,667,789
According to the official management table, every other officer and director (Lamont Ellis, Michael Knight, Lauren Herron) owns 0 shares.
If Dalton is the only insider holding shares, then the remaining 1.2 billion unrestricted shares are, by definition, held by non-affiliates (the public). Therefore, the public float is mathematically forced to be 1.2 billion shares.
For the live profile's float of 221 million to be accurate, there would have to be another 983 million unrestricted shares held by hidden, undisclosed insiders or affiliates. If that's the case, management is violating OTC transparency rules by failing to disclose who these massive control persons are.
PL
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