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GB Group Ord Shs GBGPF

GB Group plc is a United Kingdom-based company, which provides identity data intelligence products and services helping organizations recognize and verify all elements of an individual's identity at key interactions in their business processes. The Company's segments include location, identity and fraud. The location segment includes address lookup, verification and capture; e-mail validation; phone verification, and data maintenance services. The identity segment includes document verification, data verification and identity investigation services. Its identity verification solutions can be configured to carry out a wide range of functions, including know your customer checks, anti-money laundering checks, age verification checks and liveness detection. The fraud segment includes transaction fraud monitoring, combating origination fraud and in-life fraud investigation services. It provides artificial intelligence powered screening for automatic onboarding or referral of customers.


OTCPK:GBGPF - Post by User

Comment by longonMJon Mar 09, 2018 10:47pm
54 Views
Post# 27695828

RE:RE:RE:RE:RE:Mar 9 - Notice of Change now on Sedar

RE:RE:RE:RE:RE:Mar 9 - Notice of Change now on Sedar
Sbeavenx 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.



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