Both are correct. The CDNX lists the "FD" full Dillution as Outstanding Shares "O/S".
The Outstanding shares as we know it, is the "float", that is what Canada Stockwatch reports. So if all the shares for RKR were not restricted, were not part of an unissued options package, or non-exercised warrants, they would probably equal 41mm.
However, unexercised warrants like mine are useless as they were issued at higher prices, so as the due date appears, they drop off the FD of the company or in the case of CDNX the O/S.
If any warrants or options are exercised, then the company receives the money for those warrants, whcich boosts the "bank acct."
Out of the 21mm float approximately 45% are held by insiders and "friendlies". Which makes the actual available shares equal about 12-13 mm for trade.
Even if you were to consider the 41mm shares, the market cap of this company is about $12mm. But if you do consider the 41mm, then you must also consider the money the company receives for these now "exercised options and exercised warrants". Which, as mentioned, will give a boost to the companies balance sheet.
RXD "Rex Diamond has over 70,000,000 shares FD, they have found kimberlite on their property....no drill holes, just kimberlite pipes. A grab sample that indicates one macro diamond, has pushed the company to $13.70 per share? Ashton mining had about 40 kimberlite pipes in Alberta...they found "nada".....RXD's market capitalization is now in excess of $900,000,000....I'm notconcerned about our $12,000,000<gggg>
the Chief |
