GFM using your corrected number if all options are converted and no further shares are issued there will be 258,024,566 shares - W.M will have 10,901,491
10,901,491 divided by 258,024,566 x 100 equals 4.22 % further up this thread I said W.M would have a tad under 4.25% !!
Loan Funding V Equity issue pros & Cons, page-72
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