Post by
AUborealis on Aug 10, 2021 6:13pm
Some math.
From the last Financials
NXO: Weighted average number of common shares outstanding 147,296,150
Options: 20,255,000
Warrants: 1,379,539 (OF WHICH 283,769 EXPIRED ON jULY 05, 2021)
(Wts. as of Jly 06) 1,095,770
Fully Diluted: 168,646,920
10% Insider Level 16,864,692
3Db (shares only) -
End of May 23,277,599
End of June 19,279,510
End of July 15,759,755
Current 14,489,537
(a/o Aug 10. 2021)
(of which 8,000,000 are deposited with Comptershare and 'reserved' for issuance as incentives...with a floor price for issuance of $0.25)
So
3Db Shares plus Warrants
Shares-Current 14,489,537
Warants-Current 1,095,770
TOTAL 15,585 307
According to my calculations...
today's filings dropped 3Db BELOW the 16,864,692 Insider status....with a bullet.
Math corrections??
Is today the day they disappear into the sunset???
Comments?
Comment by
Damn1212 on Aug 10, 2021 6:29pm
Sorry Boralis I know you dont like my opinions but here it is You may be wrong , you may be right .... Im not sure the calculation rules for insider status. The one thing I do know is the price is down and them falling out of insider status isnt a majical fix to get the price up ...
Comment by
Tcwtaeugene2 on Aug 11, 2021 7:08am
https://www.sedar.com/GetFile.do?lang=EN&docClass=30&issuerNo=00029813&issuerType=03&projectNo=03246270&docId=4997930 Math correction. read this carefully AUbo Have a good day Eugene
Comment by
Tcwtaeugene2 on Aug 11, 2021 7:33am
By the way, you'l have to wait until 3DB shares fall under 3% before the Dbros disapear under the radar thus they are done selling all there shares except for the 8 Million shares held by computer trust.
Comment by
mississauga1 on Aug 11, 2021 8:09am
@ TCW even the 8 million shares count in the calculation towards the share count... So they may stay insiders for a long time. You read yesterday all the facebook cult guys saying they are already out of insider status , same day they File SEDI insider selling report LOL The Facebook cult guys will say anything to make themselves feel better