RE:RE:RE:RE:RE:Mar 9 - Notice of Change now on SedarSbeavenx wrote:
Even without the Aurora adjustment the calculation results in $99M. 1 million is a lot to be off.
It is quite clear to me that they must be using the total number of outstanding common shares because if approximately 70.66% of the shares accounts for 17,847,341 shares, then 100% of this same amount would come out to approximately 25.25M shares.
I believe they just did a simple truncation of the numbers here , as opposed to trying to calculate everything down to the last decimal place.
For example, if you simply took the truncated 70% of $140M, it works out to exactly $98M dollars.
If you took the exact 70.66% of the $140M, it works out to $98.924M which can then be simply truncated down to $98M for non-matematical people looking at the numbers.