REVO needs more shares to incur more debts.
We all know that the company pays Carter in shares and notes, because we all know that REVO has no cash.
We all know that REVO satisfies its debts by issuing shares, and that's how the debt gets 'paid' in full.
We all should know that issuing shares to pay debts dilutes existing shareholders.
We all know that REVO has lots of shares tied up in debts that could be converted at any time. That means they must put more shares in the kitty, before they can issue more convertible loan notes.
We know, because they've stated it in the 10-Q, that they're going to put more shares in the kitty by authorizing new shares, as part of a private placement.
When the kitty is topped up with those additional authorized shares they can continue issuing convertible loan notes.