I hate to say it but that is a rather bush-league question. Comparing our o/s with any other company’s o/s is essentially meaningless – apples and oranges. Without simultaneously factoring in earnings, o/s have little meaning, as least comparatively speaking. There is zero correlation between our o/s and J2 o/s.
O/S are the denominator in the eps calculation. The greater the denominator, the lower the eps. Assume $100 million in profit and figure out our eps; then re-figure it pretending that we only had 50 million shares outstanding --- waalaaa. That is why you hear the board talk about our o/s; it has nothing to do with J2 o/s. Many here simply wish we had not had to issue so many shares or equivalents over the years to stay alive; otherwise our eps would look a lot better, and ultimately p/e ratio.