Real, I'm not a lawyer (and I don't play one on TV.....) but, I don't think common shares which can or would eventually be issued by conversion of preferred share(s) would be counted as O/S until the deed is done.
If those "potential" shares are already in the company treasury, that, obviously, would be great. But we just don't know... Unfortunately, we'll have to wait and see what is Zaric does.
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