There always seems to be arguments on the threads about the number of shares outstanding, the number of share fully diluted, etc.
From FORM 61 on Sedar (http://www.sedar.com):
For the quarter ending October 31, 1999, released on December 28, 1999
Shares outstanding as of October 31, 1999 = 6,092,884
Stock Options outstanding as of October 31, 1999 = 583,000
Warrants outstanding as of October 31, 1999 = 1,462,514
Since October 31, 1999 the company has performed two private placements, which adds to the number of shares outstanding.
On February 25, 2000 the company closed a private placement of 2,678,572 special warrants private placement. A total of 122,393 special warrants were issued as a finders fee. On March 6, 2000 the company closed a private placement of 400,000 special warrants. A total of 36, 250 special warrants were issued as a finders fee.
So according to my calculations, as of March 12, 2000
Shares outstanding = 9,330,099
Warrants outstanding = 4,299,729
Options outstanding = 583,000
Fully diluted = 14,212,828 shares
However, of the 9,330,099 shares presently outstanding, 901,786 are escrowed and will most likely be cancelled. On May 11, 1994 the company announced a reverse takeover of ANO Automation (Vancouver) Ltd. As part of this agreement, CPT issued 901,786 common shares to shareholders of ANO automation. These common shares are presently held in escrow with an earn-out price of $1.44 share. Shares not earned-out by November 15, 2003 are subject to automatic cancellation.
If these shares are cancelled the company will have
Shares outstanding = 8,428,813
Warrants outstanding = 4,299,729
Options outstanding = 583,000
Fully diluted = 13,311,042
The company also announced on January 18, 2000 a private placement of 1,866,667 units, which consist of 1 shares and one-half share purchased warrant, which has not closed. In addition, since October 31/1999 the company has proposed the issue of 610,000 options to the CDNX.
When this private placement closes, and if all options are issued the company will have out approximately 16,720,000 shares fully diluted after the cancellation of the 901,786.
Of the 9,330,099 shares outstanding, ~5,200,000 are free trading with the public float sitting at approximately 2.0-2.5 million shares.
Best Regards
KEITH |
