RE:RE:Reserved shares? - can someone please explainThis has been an ongoing debate on iHub. This is what I have learned and I remain long with Trulieve.
Investor Note: In addition to the 9,468,109 Subordinate Voting Shares that are listed and trading, there are 100,342,791 shares reserved for issuance pursuant to the conversion rights attached to the Super Voting Shares and Multiple Voting Shares that are issued and outstanding but not listed. The total number of issued shares assuming all are converted into the listed class would be 109,810,900. (So currently there are 9,468,109 shares trading at the time of listing and other shares can be traded once issued. This would not be an uncommon arrangement IMO.)
Foreign ownership of stock within the US is limited to 40% of the outstanding. (Since all officers are located in the US, they together can't cash out all of their shares if they wanted to do so.)
Source: THE CSE
The super voting shares are convertible on the basis of 1 super to 1 multiple voting share. 1 multiple voting share is convertible to 100 subordinate voting shares. So the only benefit to having the super voting shares is in voting, which controls the corporation and the ability to convert to multiple shares. There is no apparent monetary value associated with the super shares, they must be converted eventually to subordinate shares to have value. IMO