Post by
factory on Jan 07, 2010 12:24pm
float and ownership
How many total shares outstanding with warrants excercised? 839.7M
How many does Severstal own? 400.5M
How many does Polenica own (after excercise of warrants)? 190.5M
DGC owns? 78M
correct these numbers if wrong
leaving 170.7M 20% float for everyone else.
The minority pool of float doesn't concern you? Small investors at the mercy of the large foreign nationals. Do you see any Canadian hedge or mutual funds buying into such an arrangement? Where they can have zero control or influence? Do you think those owners are going to pay you more than 46 cents for your shares when it comes time to buy out the remaining 20%?