You will have to go waaay back to explain share amounts.
500,000 was the original CABEC .
At the time of merger with Palweb ( then PPP) there were aprox. 40,000,000 shares owned by and to remain in the hands of CABEC shareholders and 100,000,000 shares of ppp ( created at the merger , to remain in the hands of PPP owners ). Later , as per the plan, Union Group ( the former CABEC) spun off as a dividend to shareholders. ( we have yet to recieve certificates, but they do show up on my stock holdings).
This creates an actual increase in shares outstanding , from 140,000,000 to 176,000,000.
Please forgive me if I got the numbers mixed up or not exactly correct, since they're from memory , and it was waaaay back. Maybe someone else will do the research and correct me. You could also read back on this thread, I'm sure the info has been posted, more than once, because it was confusing to everyone at the time. Go back about 1 or 2 years. |
