In fairness to quickdrawl you mixed up oustanding shares and authorized shares not once but multiple time so yea it does come accross that you dont know the differance. It is very important that you do know the differance. You are not the only one. I see many posting here doing the same.
Dilution/conversions suck for the shareholders that hold shares while it is occurring. Once finished though or ceased for a decent period of time, well that is a different situation. Despite the increase in authorized I believe that the conversions will cease for a decent period of time very soon.
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