Correct, the total outstanding common stock less those held by the BODs and management was at the end of last fiscal year 286 million less 32 million, BODF and management, = 252 million shares that can be traded on the open m,arket on a daily basis.
The 44 million was based on a 12 month period, May to May and were traded at approx $.10 or less.
44 million is approx 17% of the total available marketable shares. 44/252
Hope this helps to clarify your questions.