re: Let’s talk weed stocks in this thread

quote:

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Not so fast my friend. We have 109 million outstanding shares that have yet to hit the market

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Without nerding to death, did it actually say 109 million shares or are you just doing the math.

Reason I ask is under GAAP if you have a common stock payable for a fixed number of shares, it should got to sharesholder's equity - if variable it stays as a liability until issued (by variable I mean a variable number of shares to issue for a fixed amount or at a discount to market etc...).

I assume their accounting just sucks and shouldn't read into classification. And yes at a minimum it would be 109 million shares ….. but don't worry Dad assured us no dilution.