CGX Energy Inc V.OYL

Please explain

[peterj99]

What does this mean?

Total Shares  28.39M

Shares Out  338.55M

TIA

 

[a2bman]

I think SH means "shares out" = issued and outstanding and "total shares" = float  Float =  outstanding - insiders and controlling investors In this case stock is tight, ratio is quite low,  more easily controlled by insiders than public

[peterj99]

thanks From the net The float, or floating stock, refers to just those shares that are available in the open market — not those held by insiders and controlling investors. A company's outstanding shares are all of those now owned by investors and others, such as company executives.Dec 7, 2023

[Kelvin]

Thanks for that peterj99. Gotta be clear about our definitions. How do you define diluted shares? I take it to mean outstanding shares plus options, warrants or any legal claims on shares. Like a company could buy back shares on the open market and not take them out of the outstanding share amount by retiring them. They'd put them in their company's treasury to cover options and other

[Zibo510]

I think in order to cover options and warrants that are exercised new stock has to be issued, creating dilution, could be wrong but I don't know where else stock would come from. 

[Kelvin]

From my financial accounting 101 text book (Needles and Powers) a company can hold stock in its treasury. I better check it again but whatever stock that it holds of itself is counted in total assets as an investment on the asset side of the balance sheet since it can be sold into the market. Or it can be used to pay liabilities such as claims on stocks like options etc. What I get confused about

[Zibo510]

Company's financials always refer to I/O shares (issued & outstanding) and then base earnings or loss per share on that number, I don't think anything else is factored in.  Sometimes in financials they will state a fully diluted shares amount which includes all outstanding unexercised warrants and  options, but I don't believe they are taken into consideration in the

[a2bman]

Debt can always be paid off with stock too, and that increeases both I&O and fully diluted -