RE:Trying to figure out # of fully diluted shares outstanding?Below is from their last financials, page 21, on SEDER. But issued and outstanding shares is now at 45.5 million acording to RBC. Fully diluted at todays share price of $17.80, market cap is just above $2.5 billion
13. SHARE CAPITAL
At September 30, 2018 the Company has 20,161,826 shares issued and outstanding, and 145,137,842 fully diluted shares, which consist of the following:
(a) Subordinate Voting shares The holders of the subordinate voting shares are entitled to receive dividends which may be declared from time to time, and are entitled to one vote per share at shareholder meetings of the Company. All subordinate voting shares are ranked equally with regard to the Company's residual assets. During the nine months ended September 30, 2018, the Company issued 11,245,434 and 7,300,000 subordinate voting shares as part of the RTO fundraise transaction completed on June 12, 2018 and the bought deal fundraise transaction completed on August 2, 2018, respectively. Also during the nine months ended September 30, 2018, 2,000 multiple voting shares were exchanged for 200,000 subordinate voting shares, and 154,008 options were exercised for subordinate voting shares. The Company is authorized to issue an unlimited number of no par value subordinate voting shares. (b) Multiple Voting shares Each multiple voting share is exchangeable for 100 subordinate voting shares. The Company has 828,975 issued and outstanding multiple voting shares, which convert into 82,897,500 subordinate voting shares. 830,975 of these shares were converted from member interests as part of the RTO transaction completed on June 12, 2018, and 2,000 shares were exchanged for 200,000 subordinate voting shares during the nine months ended September 30, 2018. The Company is authorized to issue an unlimited number of multiple voting shares. (c) Super Voting shares Each super voting share is exchangeable for 100 subordinate voting shares. The Company has 433,409 issued and outstanding super voting shares which converts into 43,340,900 subordinate voting shares. These shares were converted from member interests as part of the RTO transaction completed on June 12, 2018. The Company is authorized to issue an unlimited number of super voting shares.
(b) Multiple Voting shares Each multiple voting share is exchangeable for 100 subordinate voting shares. The Company has 828,975 issued and outstanding multiple voting shares, which convert into 82,897,500 subordinate voting shares. 830,975 of these shares were converted from member interests as part of the RTO transaction completed on June 12, 2018, and 2,000 shares were exchanged for 200,000 subordinate voting shares during the nine months ended September 30, 2018. The Company is authorized to issue an unlimited number of multiple voting shares.
(c) Super Voting shares Each super voting share is exchangeable for 100 subordinate voting shares. The Company has 433,409 issued and outstanding super voting shares which converts into 43,340,900 subordinate voting shares. These shares were converted from member interests as part of the RTO transaction completed on June 12, 2018. The Company is authorized to issue an unlimited number of super voting shares.