Lucero Energy Corp V.LOU

Share Numbers

[Energyuser]

Help me out here. According to the news release, LOU has purchased back and cancelled 19M shares. However, according to the end of Sept, after 9 months,
Shares outstanding end of 9 month period, 651MM, last year, 662MM
Shares weighted average,                               661MM                   644MM
Shares fully diluted                                            673MM                   666MM
How do we cancel 19MM shares and have MORE SHARES?

[Sunset48]

Energyuser, it seems nobody was able to anwer your question.  I'm one of those but still a holder of LOU.  It seems our LOU has fallen out of favour.  I used to compare it to my TAL but that one has progressed with a steady flow of news and a 12% yearly dividend.  Still some similarites but I'm afraid our LOU is in the dog house.  I prefer companies with a steady