Re: Trading
in response to
by
posted on
Oct 21, 2023 03:57PM
Combining Classic Mineral Exploration with State of the Art Technology
On this topic, here is my question. According to one source a couple weeks ago BG and PO owned 70-something percent of shares. Now PO owns 51% according to the latest filing. I want to assume that BG did not suddenly lose hope on LBSR and kept all or most of his shares. So that he did not or will not suddenly dump his shares. That would mean that both of them together now own an even larger percentage than the 70-something percent. This is all supposition, but it would seem that BG would be losing a lot of money dumping shares now after all he has invested. And by the way, if this is all true, it means that there is a lot less shares on the open market than the total amount of shares would indicate. HERE IS WHAT THE WEBSITE SAID ABOUT SHARE STRUCTURE AS OF OCTOBER 16, 2023...
AUTHORIZED
Common Shares: 74,500,000
Class A Common Shares: 500,000
OUTSTANDING
Total Common Shares issued and outstanding: 48,378,518
Total Class A Common Shares issued and outstanding: 500,000
Does that mean that the company can issue a total of 74,500,000 if needed but so far has only actually isssued a little over 48 million?