interesting times ahead for people telecom, page-4

Hi Towie,

How do you get to a $35M MC.

PEO has closer to 300M shares on issue (actually, 305M according to the Top20 Distribution Schedule of 7th July).

It just happens to be that:
1)
205M shares are currently able to be freely traded; and
2)
100M shares are currently escrowed (3M for 12 months, and 97M for 24 months).

So, the correct MC is actually much closer to $52M than it is to $35M. That's a big difference and another reason why investors need to pay close attention to the detail.