Friday, May 29, 2015 12:23:33 AM
Shares O/S at 3/31, about 297M.
In addition:
- 27M preferred shares O/S to be converted to common.
- 60M+ common shares given to top management already, 'pending A/S increase.'
By themselves, those two items take O/S to 385M shares, plus company has committed to give top management 10M more common shares each year.
Then, there is the convertible debt you mentioned. Take $500K. To convert that at .016 per share, say, would take another 30M shares.
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