The biggest chunk of the A/S is for mandatory reserves on the LG note (like 6-7B of it I think). Hopefully they treat us well (relatively speaking) as they have in the past, and work with Brian to allow him to reduce the remaining debt from revenues without shanking shareholders with converted share dumps. I'll give them the benefit of the doubt until I have reason to believe otherwise.
The rest of the increase is likely for the acquisitions, which should be restricted and unable to convert for 6 months per Rule 144. Plenty of time to get a revenue stream coming in and negotiate alternative, less toxic ways of paying those down.
Based on the fact that the conversions are happening in 52MM share blocks, and in light of the contractual/regulatory limitation that they can only hold/convert a maximum of 4.99% of the O/S at a time and the fact that greedy KBM is surely converting all they can at a time, I think the O/S is currently around 1.05B shares.
Not ideal certainly, but not all that bad for a pink just starting its growth cycle (plus somebody here has 100MM of those and I doubt they will see the market any time soon). As long as the rate of increase in free-trading shares slows substantially from what it's been the past few months, we should be fine.
GLTA (Guard Lites to All! Hehe)
