There are no current calculations that add up to IR having that many shares. Even if the stock went to .0001. The Preferred shares only convert to common shares that have a par value of .001, and they seem to have drawn roughly half their shares. IR is able to get more money, just because the common stock value is tremendously more than initially stated par value. Where are your calculations coming from?
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.