Post by
MrMugsy on Jun 17, 2022 9:33am
Reminder ...
At the recent AGM, 67 shareholders represented 54% of the outstanding shares.
In the previous two AGMs, 270 shareholders showed up and represented 69% of the outstanding shares.
If you project out to 100% of outstanding shares on a best-fit curve, you get ~4,700 shareholders.
Remove the 270 shareholders and the 80,040,000 shares they represent and you get ...
4,430 shareholders who represent 35,960,000 outstanding shares.
On average, those 4,430 shareholders represent 8,117 shares each. More realistically, half of those (2,215), represent the bulk of the 35,960,000 shares.
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Regardless - not many owners in GUD shares and that's the only way to get ROW built.
67 people control a majority of the shares and they control the company's destiny.
Long way to go to get this widely held.
In the meantime - present shareholders will pick away at cheap shares and new shareholders will continue to trickle in.
Just going to take time to get this to be widely held - IMO.
Comment by
Chianchin on Jun 17, 2022 10:34am
So what, they could all be wrong and they have been so far as the tiker tape still trending lower no matter what you spam or spin on this forum. Can you read numbers?