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ECUADOR GOLD AND COPPER CORP V.EGX

"Ecuador Gold and Copper Corp is a mineral exploration, mining and development company. The Company acquires and explores gold mineral rights located in Ecuador."


TSXV:EGX - Post by User

Comment by gump132on Jan 09, 2015 7:24pm
134 Views
Post# 23304206

RE:RE:Today's Trading

RE:RE:Today's Trading
fleamarket wrote:
And yet not even a half percent of the o/s/.


57% of the shares are held by Aura and Glenn (I think one other person is in there as well). I don't really consider those shares free trading. Those people are likely holding for the long haul for a buyout. 

So of the 251.6 Million shares out, 143.4 million are held in strong hands, leaving 108.2 Million to the public. So 1.1 million shares is actually JUST 1% of the 108.2 million shares in public hands ;) haha, just splitting hairs here. But yes, there is a lot of outstanding shares which means a buyout is the best case scenario.
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