Has anyone noticed the share structure movements???Just curious if anyone else has noticed the following or looked into it.
As I recall --> Several weeks ago the Corp Presentation was showing ES with 31% and CK with 31% and insiders with 3-5 % which left the available float @ 32-34% or ~55M shares.
It now shows ES with 29% and CK with 31%, Insiders 1% which leaves available float @ 39% or ~64M shares.
We know that ES has been moving shares into familiy trusts etc but it doesn't make sense that this paperwork process would lower his % share control (or would it?). If you move shares into a trust does it remove them from "insider" status and into free float status??
Likewise Quentin got a sweetheart deal and sold 100K shares but that's a miniscule % (.0006) and should not have dropped the insider holdings from 3-5% down to 1%. There have been no major insider trades reported that would justify such a large move --- so it must be a correction due to mathematics.
Does this mean also mean ES gets to buy another 2% of the free float in order to stay even with the CK position. One would assume they have a written or genlemans agreement to keep their positions roughly equal in % terms.
Anyway -- Curious if anyone has been following this and/or has any explanations?
(Yes I could ask IR but thought I'd try here first as it's only a general knowledge question and not really worth asking our HQ team to spend time putting together an official explanation.