Each to their own! i own another company that is sitting at about the same SP with mkt cap is 83 million but their top 20 own 31% and have 1490m shares. that's not tightly held!!!!!
Anyway this registry sits closer to 50% when you include the 150 million undisclosed shares. Considering the size of the company you wouldn't want it any more "tightly held" otherwise it becomes difficult to trade!
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