The Titan Record
Accountability To The Stockholder
5
Sep

Keeping Our Focus, Expanding Our Revenue

Posted in Titan Oil and Gas News  by admin

We would like to reiterate that Titan management has focused its priorities on its oil and gas operations. President Toth remains on site at the Crows Run Project and intends to stay as long as it takes to become fully operational. Additionally management is doing all it can to hasten obtaining a right of way for our pipeline in Bastrop County for the Eberle well. Titan also plans to move forward with the expansion of the Kern County Project as it fits into the current priority plan.

The release of Titan’s revised business plan reflects its focus on sustainable expansion regarding oil and gas as well as environmentally friendly renewable projects. The plans release was timed to coincide with finalizing the letter of intent regarding this environmentally friendly income producing project. The project will need a final positive vote for the creation of the preferred shares so that the final terms of the agreement can be met by Titan Oil and Gas.

The plan describes the need for an expansion of authorized capital, and preferred shares, so that Titan can follow through with this renewable energy project. Titan management would like to point out that upon issuing the call for proxy vote that 100% stockholder participation is essential for the future of the company. It is more important for each person to provide their vote than it is to simply agree or disagree with management’s position. Participation is of primary concern regarding the future prospects of Titan Oil and Gas.

We will soon be making available the proxy to our stockholders. The weight of your proxy will depend on the amount of shares you hold as of the record date, 09/15/08. We need each of you to fill in all pertinent information including the shares you hold as of the record date. Keep in mind the proxy does have the power of a signed affidavit so it is your responsibility to verify the validity of all information.

The proxy will be made available on the homepage, www.titanoilandgas.com. If you have any questions regarding the proxy or need to provide your contact info to receive the proxy please do not hesitate to contact management for any clarifications.

Domestic: 1-888-831-TNOG (8664)
International: 512-897-1813
Email: Info@TitanOilandGas.com

Please read our Full Disclaimer

27
Aug

Our Revised Business Plan

Posted in Uncategorized  by admin

Titan leadership has further researched its sector and has included these reflections and outlook in its business plan. Our vision for the company, including project expansion, is given a great deal of detail in the comprehensive business plan. We describe our intentions regarding the increase of authorized capital and preferred shares as well as why we think that environmentally sound business practices, reworked wells and green energy, are important for stockholder value. The writing of the revised business plan has been essential in marrying all aspects of management’s vision in a way that shows a clear focus on profits and long-term sustainable growth.

While the core of the plan and its conclusions will remain the guiding force, there are aspects of the plan that will change as projects and market conditions dictate. With these revisions in the company and the market, investors can track our approach and perspectives in the changing nature of this plan. Changes will include not only additional projects and businesses but also those regarding Titan’s approach to financing this expansion. Each project will also have its own supporting plan describing those details that are unique to them individually.

Business Plan
Use this link to view the Titan Oil and Gas Business Plan:
Titan Oil and Gas Business Plan

22
Aug

Titan Oil and Gas Comments and Challenges

Posted in Titan Oil and Gas News  by admin

We have had a great deal of positive response to the acquisition plan as well as support with the challenges we have faced. Outlined below is a question that seems to be on the minds of many, we wanted to include it with our response.

Q.) As far as the preferred shares, how is that going to work with current shareholders who have paid into the company in the hopes of this Company advancing? Now you are taking that, and giving it to someone else. We took a risk here too.

A.) We see our acquisition plan using preferred shares as an exchange for ownership in projects for Titan Oil and Gas. For those of us that are stockholders we will be receiving ownership in these projects as well. Our conception is that this be an exchange of equity as opposed to an additional debt burden. We are doing this for the sake of expanding bookable assets and improving the company’s balance sheet.

For a visual:

Preferred Shares                                          Projects Booked

$500,000 in preferred shares                           $500,000 Project
$1,000,000 in preferred shares                        $1,000,000 Project
$1,500,000 in preferred shares                        $1,500,000 Project

All preferred shares will go toward building profitable booked assets. The project value will be offset by the value of the preferred shares, while the acquisition will provide income for Titan’s bottom line.
The preferred shares are going to serve several purposes for Titan stockholders. The main purpose is to bring value to the Company to directly benefit our financial statements and ultimately the market capitalization.

There are several benefits to the acquired entities and their respective owners:
• They now get to ally with an emerging Company with a huge reach to many investors and the mass media
• Titan can commit to raise capital (public equity) to expand the business or entity that is being acquired
• The owners get to have a long term opportunity where as they will get dividends, correlative to the income they bring to Titan, from the Company’s net revenues as the different projects become profitable
• The owners get a long term sales strategy on their business with an option to convert common stock at limited increments based on regulations

To be able to execute this model Titan has to form a preferred share class that will be used to exchange for the business or assets. To issue preferred shares it requires there be enough authorized capital available in advance in contrast to the conversion rate that will be set. Titan management believes that they need to be sure to increase the authorized enough to be able to aggressively acquire said projects and enough to raise additional funds to fully expand the projects. Of course the main concern for any stockholder including ourselves is to avoid any unnecessary dilution. There has to be an equal benefit for every share issued to maximize shareholder value.

Will the preferred stock ever be converted?

The preferred shares under the completed acquisition of the Crows Run Project is set to covert 10 to 1 (ten to one) where as every share of preferred stock is equal to 10 shares of common stock. (For example 1 million preferred shares are equal to 10 million common shares of stock) All preferred stock is built in with standard SEC regulated restricted periods and it is expected that even past that mandatory holding period that the beneficiaries will not want to convert to common less they have to give up their rights to any dividends that they will get in perpetuity.

Can current stockholders buy the preferred stock?

Titan management is in the process of finalizing its draft of the business plan which will outline management’s business strategies and plans to build stockholder value. This will outline management’s acquisition strategy and allow stockholders to offer feedback. Management believes it’s important to establish and acquire businesses or projects, increasing market capitalization, prior to any aggressive financing plans targeted at existing stockholders and the financial community. Once the acquisitions have been finalized it is expected the market will react in a positive way and we will gain favor from investors and by demonstrating exactly how management intends to use these proceeds. To this end management wants to formulate a secondary offering after the initial round of acquisitions has been made. It is at this time that stockholders will have the ability to purchase preferred stock.

Stockholder Comments

“I just want to say I think you are a guiding Titan in the right direction. Keep up the good work and continue the candid and honest communication.”

“Being an entrepreneur and having done something similar in the past, I agree with your approach of creating a preferred share class that will product dividends and provide cash income to those that bring production to the company. My only concern would be to ensure that this is done fairly and equitably. That is, people should be compensated fairly in this manner but only once results have been achieved and in a manner that is fair to common shareholders. I would not like preferred shares to be issued based on a promise to deliver but only once results are achieved (it that makes sense). Thank you for the opportunity to participate in this forum.”

“I think the preferred class of stock would be a good business decision. I have been very happy to see that you are against a reverse split as that seems to do more damage than good. As for going green, I’m a bit hesitant but look forward to seeing the plan in more detail, especially time frames for when you think it would become profitable. Thank you for all of your hard work and dedication to the shareholders!”

“I currently own 72,500 shares through two brokerages, and I clearly vote ‘Yes’ on all of the expansion, acquisition, preferred share issues, and ‘Green’ energy plans, name change, etc..”

“Keep up the great work!, I do plan to purchase more shares as my funds allow.”

“If there are no losses for the stockholders who currently hold stock - I am for it. I must add, I am impressed with the updates on this company.”

“I am a current (and long time stock holder of TNOG) I am sitting on a couple million shares… I say “sitting”, cause that is exactly what I am doing.. am not going anywhere anytime soon. .. ..Class A stock… very interesting, and is probably going to be a necessity to generate cash flow…. I would really like to see the whole plan .. i.e. how many shares and what is being acquired …Bottom line, Mr. Toth seems to have a handle on these processes, and I would be hard pressed to differ from his course of action .. if this came to me in a proxy, I would follow his recommendation.”

“Your preferred share plan sounds like a good way to raise money for new projects. There’s enough oil and gas out there that we can all make money.”

“I have been a TNOG shareholder since 2005 and currently hold 2 million shares. I am very pleased with the shareholder updates and the way TNOG is moving in the right direction. I wanted to give you some input, I think the creation of the preferred shares is the right way to go with out the dilution to the trading float.”

“I have read with great interest and concern the latest post on the Titan Record regarding the investment company accumulating stock in Titan. Please be aware that I hold 1.25 million shares and have absolutely NO intention of selling while Titan is on such a positive path. If Titan continues on its present course, I believe that this will be a very strong addition to my retirement and I cannot retire for a few more years (unless TNOG rockets soon)!”

“It appears to me that your attempt to determine the number of friendly shares is very important and I wanted you to have my response immediately”.

“Great job on your information dispersal, plenty of great information.”

“I am a shareholder in your company, and just wanted to let you know the job you are doing turning this company around is astounding. You are getting everything in line to make this company profitable. Congratulations on all the great work to this point. Lots more to do though. I am; however, confident we have the right President in place to keep this thing rolling.”

“I would agree to creating a preferred class of shares if it means additional projects and allows us to move in to alternate energies.”

“I say go for it, this move is a move in the right direction. Lets get some cheese rolling in.”

“I currently control 5,515,000 shares of TNOG. The shares are spread between 3 separate portfolios. I am in favor of a preferred class of stock to raise needed capital.”

“I look forward to reading your newsletters and glad that Titan is not dead. I own 600,000 shares that I bought at a considerably higher price than the stock is at now.”

“Congratulations on reviving TNOG from the dead. You’re doing a great job at the helm. Just to let you know, I support the use of preferred shares to fund other acquisitions.”

“Thanks for the frequent updates; I really believe this company can thrive in
this niche. The expansion to alternative energy is exciting. Wind, solar,
waves & hydrogen are the undeniable future.”

“It sounds like you have great plans for Titan; I hope these changes will be a rewarding experience for all of us. Keep up the great work Brandon!”

“I own 2739500 shares. I am long and strong and support the plans that have been proposed. I may be adding to my position in the coming week.”

“As a patient stockholder, I see the Company and you constantly being bashed by a couple of “Nay Sayers” on the internet with bad tastes in their mouths from the previous Titan Management. I appreciate the steady stream of information that has been coming out in the past 3-4 months. Keep it up.”

“Please keep up the flow of information. Positive is always better. I believe , as do many shareholders, that you are being truthful in what you are telling us about the future of Titan Oil & Gas. Don’t disappoint us or any potential future investors.”

“I’ve been impressed with all that you have accomplished lately and how you have been trying to keep all informed, but for the life of me, I can’t understand why the value of the stock has not moved forward!”

“The idea of acquiring federal leases on land that would yield some production at low investment cost, such as Pennsylvania, is smart. Look to US Bureau of Land Management, and the like, for similar leases.”

“I am all in as they say, go for it. A preferred stock is a good business decision. Brandon if you don’t mind me saying, great work, and thanks for turning Titan into the real deal. Positive actions lead to positive results!!”

“That sounds like a good plan as long as the shares that are sold are mandated that they must be held for x amount of time…as you are well aware further dilution of the common stock will never allow a decent price move because it takes too much volume to do it…you should try and place several blocks of the preferred/dividend bearing stock in friendly hands that will hold it and do what is needed in this situation. Keep up the good work guys…please no reverse splits or no issuance of new common shares…that would scare me away.”

“I am a relatively small investor who saw a high risk-high return potential opportunity with TNOG. I have held shares since 2005 and are not about to give them up now after all WE’VE been through. I have to also say that you have come along way in earning my trust. Therefore, I do want to go on record as supporting the plan for preferred shares.”

“I would like to see this also go through; I had Titan Oil before and sold. I lost all Interest in the company after failed reports and float kept going up into people’s pockets. I can say today that I now own titan again and plan on buying more with the way the company is going.”

“Thanks for all the information. I agree with the preferred stock decision. The last thing we need is dilution. I think you are taking titan in the right direction, keep up the good work.”

“We have been shareholders for several years (3.4 million) and have always believed this will be the best stock in our portfolio. We trust that Brandon and the directors know what is best for the company and its shareholders.”

20
Aug

Thanks To All Titan Stockholders

Posted in Titan Oil and Gas News  by admin

We want to thank everyone for their participation so far in the process leading to the proxy vote. Many of you have been very supportive as well as frank in a process that requires 100% participation by way of both comments and especially voting. Your perspectives have been sought so that we can move forward on the firmest possible foundation. We believe that the foundation for our Company is built on our acquisition plan. Our dialog has ensured that we are explaining the plan so that each of you knows that we are looking towards deep and expanding value creation.

While we have been reading each of your emails our responses have been necessarily slow given our need to be thoughtful and reflective in each of our replies. If you are awaiting our correspondence know that it is on its way and that your comments and name suggestions are being discussed and acted upon.

You should know too that this has been very good for Titan’s leadership. We have been able to make contact, and on some level get to know, each of the owners of our company. Now we can move forward knowing that we have better addressed and brought together each of our aspirations for the company. Of course short-term stock price growth is always a great concern; it is also good to know that we have a very loyal and long-term minded stockholder base that has joined us for future prosperity.

20
Aug

Titan Oil and Gas President Brandon Toth Arrives In PA

Posted in Titan Oil and Gas News  by admin

I arrived in Pennsylvania on August 15, 2008 for a one month extended stay to initiate the renovation of operations in the Crows Run Oil and Gas Field. I have toured the field on an ATV in order to inspect the area more closely. I have also been meeting with the landowners that we have secured leases through. After speaking with each of the landowners and Jon Bialy, I will be determining how we can bring Crows Run into optimum condition. It is clear that we need to address everything from infrastructure to recompletion. With the help of Mr. Bialy, Dennis Getty (Getty Well Services) and Chuck Brown (Petroleum Service Partners), we will be refining our plan of attack.

Link To Crows Run Slideshow

Link To Crows Run Field Slideshow

Infrastructure must be our first order of business. Some of the repairs we have determined that are needed before being able to rework are related to how the field was originally set up. Because the entire field was organized around one accumulation point, we feel a better more secure design would be to have multiple points for expanding production. This is why we need to look at rerouting certain wells into two new accumulation points as a better configuration for the gathering of oil for the field in its entirety.

Repairs needed range from bringing in these additional tanks to fixing access roads including brush removal and trucking in of additional gravel. Commencement has begun in terms of getting the field ready to deliver oil but we must address external maintenance before we will be able to move on to reworking of wells. We can look towards the straight forward nature of these repairs given that we will be able to lead them ourselves without coordinating between scattered groups that have to be consulted at each step.

As we begin we will be issuing updates for stockholders on the blog, including pictures, to describe our progress. Due to administrative and closing coordination we had a short delay before we could arrive and begin our work in PA.

Domestic: 1-888-831-TNOG (8664)
International: 512-897-1813
Email: Info@TitanOilandGas.com

Titan Oil and Gas Has Commenced Operations in Pennsylvania

Titan Oil and Gas President Brandon Toth since arriving on site has already been meeting objectives at the Crows Run Oil Field and advancing as planned with strategic partners.

AUSTIN, Texas–(BUSINESS WIRE)–Titan Oil and Gas, Inc. (Pink Sheets:TNOG), commenced operations at the Crows Run Oil Field as scheduled during the month of August. Titan’s plan for the project has consisted of reworking and performing maintenance on all of its 61 wells in PA. With the help of Titan Board member Jon Bialy, Dennis Getty (Getty Well Services) and Chuck Brown (Petroleum Service Partners), Titan has formatted a plan and started the execution to bring all 61 wells online.

To create more efficiency, it has been determined that Titan must improve field infrastructure to enable increased production. This involves the installation of additional tank batteries in strategic locations for increased storage capacity. As reworks come online and current producers expand their production, it is essential to increase our storage. Current tanks historically held only 600 bbl’s in 4 tanks at a central collection point. The current tanks will require additional tests to ensure future reliability and may require replacement moving forward.

In addition to reworking the wells, maintenance ranges from fixing access roads by trucking in additional gravel to brush removal. Commencement has begun in terms of getting the field ready to deliver oil and understanding the field dynamics. President Toth has already established negotiations for capital and/or service partners that will help minimize the financial requirement and time that the full rework will take.

With the commencement of operations, Titan is additionally focused on its acquisition plans of additional recompletion targets in the area and in other strategic locations as well as an intent focus on the acquisition of environmentally sound businesses, including wind power, energy crops and biodiesel development. The release of Titan’s business plan is being timed with execution of the proxy. Titan will require that all stockholders send in their votes to be heard in terms of their support, or lack thereof, of the expansion and acquisition plans.

12
Aug

Items For Proxy Consideration By Titan Stockholders

Posted in Titan Oil and Gas News  by admin

As we prepare to release our business plan and send out proxies regarding new changes in the company, we urge you to continue sending us feedback. We want to make sure that all stakeholders get a say in how the Company will proceed in regard to using Preferred Stock and changing the name to better reflect the business of the Company. Titan has now completed its Business Plan and will release it by the end of this week. Consistent with management’s objective to become as carbon neutral as possible and keep corporate expenses down, we will start the proxy process by asking investors to fax, scan (email) or mail us their vote as soon as possible starting next week. After review of the many responses that the Company has received Titan management can safely say that investors are 95% in favor of the new plans to move forward. Even though this support has been vocalized, we require that every single shareholder  support the proxy with their vote whether or not they are in agreement. We are required to receive over 51% of all shares voted for the Company to proceed as planned.

There are two main areas we are proposing for vote by our stockholders. The first of these is creating a preferred class of shares; this requires additional authorized capital for this purpose. The primary purpose of the preferred class of shares is to create value for the company allowing it to grow and expand, bringing in more projects that will ultimately lead to larger revenues. These preferred shares will be used to acquire projects or businesses with existing infrastructures that, with little capital finance, can significantly increase their ability to develop revenues. Examples of what management intends to acquire are; additional existing wells, such as Crows Run, that include production that can be expanded or green businesses such as energy crops, wind power, and biodiesel production. It is management’s plan to blend a perfect combination of acquisitions that offset the Company’s carbon footprint while significantly improving the balance sheet for the shareholders. The main focus on management is increasing the bottom line and earnings per share, allowing Titan management to consider stock buy backs and/or dividends to all stakeholders.

The other area we wish to propose to our stockholders is a name change that reflects that we have new management and that we have changed the business plan as well as our mission. While we are still focused on oil and gas, we are looking beyond conventional exploration and to renewable energy (wind, biodiesel, energy crops etc.) for revenue flows as well. We believe that our name should reflect these exciting changes and we would like your thoughts on the following names that have been proposed;

• Green Star Energies
• Astrum Energy
• Green Terra Energy
• Green Star Power
• Green Light Energy

We also need your additional support with the following information.

-Do you have any names that you might suggest us consider?

-Please help us update our information;

How many voting shares do you have?
What is your contact information?

Please contact us via the following,

Phone # 1-888-831-8664 (International)
Phone # 1-512-897-1813 (Domestic)
Email: MGT@TitanOilandGas.com

Please read our Full Disclaimer

5
Aug

Titan Oil and Gas Current Status Latest Of Company Advancements

Posted in Titan Oil and Gas News  by admin

As mentioned a handful of weeks ago when CLO Shelby Clark joined the team, we have updated Titan to the “Current Information Provider” tier at Pink OTC Markets Inc. The company has actually exceeded the current information requirements as put forth on their website, http://www.pinksheets.com/pink/otcguide/investors_market_tiers.jsp. While sometimes the process seems long, we want to reiterate that we are continually working to come through on all fronts for our stockholders, by being results oriented and making sure to accomplish tasks before releasing news.

Our expansion plans, using preferred stock and authorized capital increase, continue to be well received. Thank you for appreciating that preferred shares are really a way to compensate project owners who wish to merge in their holdings without increasing common in a way that is diluting. Your thoughts and perspectives on the plan are appreciated, please continue to send us your emails and calls. We intend to put our acquisition plan to a vote shortly after the business plan is released and the stockholders have a chance to review its contents in depth.

Domestic: 1-888-831-TNOG (8664)
International: 512-897-1813
Email: Info@TitanOilandGas.com

Please Read Full Disclaimer.

31
Jul

New Project Plan Response

Posted in Titan Oil and Gas News  by admin

We have appreciated the overwhelmingly positive response from our stockholders to our plan to build Titan’s assets and revenues. Very few have been adverse to the plan but have offered support after additional explaination. We have had a steady flow of emails and calls but we need to here from each of you so please continue to contact us. Below are some of the email replies we have had thus far.

Domestic: 512-897-1813
International: 1-888-831-TNOG (8664)
Email: Info@TitanOilandGas.com

“I am for Preferred Shares with possible dividend.”

“I am all in as they say, go for it. A preferred stock [class] is a good business decision. Brandon if you don’t mind me saying, great work, and thanks for turning Titan into the real deal. Positive actions lead to positive results!!”

“You can’t create projects out of thin air, I think that the preferred shares seem to be the best way to improve the bottom line.”

“I like what you have done so far. As a shareholder (1.4 Million shares), I was concerned about dilution or a reverse split. I do not have a problem with preferred shares if they are structured correctly. Long term acquisitions are good. We need to see revenue coming in to keep the naysayers at bay. Please let us know about the Eberle hook up as soon as possible.

As far as the wells in PA, more information on a regular basis is better. As the wells are reworked and come back on line, tell us. If you can give us monthly production rates, that would be good. Let us know about Kern County. If you can make this company grow, and bring value and revenues to the shareholders, I will hold on to my shares for the long term. I would even buy more.

As far as renewable energy, I work for Tyco Electronics as a Field Sales Engineer. The largest growth potential industries that we are focusing on are in Wind and Solar. We are pumping millions of dollars into developing new products for Wind and Solar.”

“It seems like a way to stability for the company without punishing the stockholders.”

“I say put the preferred stock to a vote.”

“I totally agree with management’s idea to create preferred stock shares.”

“You have been doing a good job so far pulling this company back up. You have my support in the issuance of preferred shares.”

“It seems to me that the incentive of making income from dividends would make the preferred shares stay put to those project owners, as long as that is the case I think it sounds fair.”

“So far you seem to have been bold and honest Brandon, this seems in keeping with that so I for one look forward to turning this thing around.”

“Being an entrepreneur and having done something similar in the past, I agree with your approach of creating a preferred share class that will produce dividends and provide cash income to those that bring production to the company.”

“I have been a TNOG shareholder since 2005 and currently hold 2 million shares. I am very pleased with the shareholder updates and the way TNOG is moving in the right direction. I wanted to give you some input; I think the creation of the preferred shares is the right way to go with out the dilution to the trading float.”

29
Jul

Finding and Acquiring New Projects

Posted in Uncategorized  by admin

As we are updating our business plan, that we will offer to the public for review, we have been paying special attention to how we can continue to aggressively expand Titan’s slate of projects. Taking care to avoid any kind of dilution that could destabilize the company, we would like to reiterate that we will not seek a rollback in the amount of shares. We do believe that using a special class of preferred shares in exchange for revenue producing assets is a good strategy for our stockholders.

We are seeking stockholder approval to create a preferred share class; it is for this reason only that we need to increase the authorized capital. These preferred shares, when approved, will be created to produce dividends that provide cash income to individuals that brought production to the company. We believe this to be an uncomplicated and straight forward way to grow the company’s projects while ensuring that Titan’s stock avoids market dilution. There are several pending acquisitions that management has planned, but as promised we want to follow stockholder ideals, this is why we need your thoughts and perspectives on how to improve Titan’s bottom line. Please respond via phone or email to the following;

Domestic: 512-897-1813
International: 1-888-831-TNOG (8664)
Email: Info@TitanOilandGas.com

Please read our Full Disclaimer

27
Jul

Addressing Questions: Finances, Financials and Shares

Posted in Uncategorized  by admin

We have heard from many of you regarding how we are financing the company given the lack of working capital and revenue. Indeed, the lack of capital has been duly noted in the recently updated financials that have been posted to Pinksheets.com, as a step in making the company a current information provider with Pink OTC Markets Inc. We wanted shareholders to know where the money has come from for things as varied as the payment of filings to the initial capital to help us begin reworking wells in the Crows Run Oil and Gas Field. These funds have been provided out of pocket by President Brandon Toth and his financial partners, these are loans and will be repaid after the company has found a more stable footing.

Mr. Toth and his financial partners have been providing funds for everything that keeps a small company functioning. They have provided funds for the salaries of talented individuals such as our new Chief Legal Officer, Shelby Clark. Mr. Toth will continue to provide these funds until the company is in a position to provide them. While this is a precarious position for a company to be in, the amount of talent, stockholder interest and hard work that Titan, in the hands of Brandon Toth, has been able to draw and depend on has been essential in helping us make it this far in turning the corner.

Management has been notified that there is an investment group accumulating stock to obtain a control position in the float. Of the 750m shares which remains the amount of authorized shares, Titan management, after close review of the stockholder list, has identified 225M of these shares in friendly hands; a term used for shares that are held by members with no intentions of selling. In the weeks to come we will be in contact with these investors and updating the amount of shares being held to gain a better idea of how many shares are actually available.