>PS...For those who have a fascination in pie charts, private investors will own less than 10% of the shares after this latest issue.
I wouldn’t call it fascination. Actually, charts are excellent tools to present an accurate picture of the all too hard to follow numbers as they are bandied around here. You say its 10%, and the chart says its 35.2%.
Extended legend:
§13,000 Long-term investors. ...............................360,196,485 shares ( 35.2% )
§The two Chinese investors together....................268,800,000 shares ( 26.3% )
§Existing shareholders and Insiders together.
Burlingame & Soliter Holdings Corp (Renova) ..151,200,000. shares ( 14.8% )
§Burlingame Asset Management LLC...................103,801,539 shares (10.2% )
§Soliter Holdings Corp.(controlled by Renova).......85,572,277 .shares ( 8.4% )
§Falcon’s escrow shares.........................................42,060,000..shares ( 4.1% )
§Other Institutional Investors...................................10,586,500 shares ( 1% )
Total .......................................................................1,022,216,801 shares (100%)
Well looky here, with 35.2%, us, the long-term retail investors are the largest group. Presently, we don’t know the exact share allocations for each of the Chinese players, nor do we know how Burlingame and Soliter will split their subscription. But we will know soon enough.