Although there are 130 million common shares now, you would be surprised at how few are actually available to buy as a retail investor. Lets break it down:
Before any recent dilution:
Common Shares: 48,421,510
Insider Holdings: 22,830,260
Retail Holdings: 25,591,250
Rights Offering in 2017 raised $40,000 at $0.02
Common Shares: 50,421,510
Insider Holdings: 22,830,260
Retail Holdings: 27,591,250
Deal with USS.V For $800,000 at $0.01
Common Shares: 130,421,510
Insider/Institutional Holdings: 102,830,260
Retail Holdings: 27,591,250
So the true available float to buy is less than 28 million shares |
