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Tuesday, September 22, 2015 9:47:08 AM
The convertible notes, IF converted, would result in the company needing to authorize additional shares to cover 2.5 billion potential shares as their current A/S is only 500 million.
From the last public message from the company, they stated that "at this time", they do not anticipate increasing the A/S.
Based on those who check daily on the current share count, we are approaching just shy of 400 million. Even without these significant conversions occurring, I am predicting that the "at this time" statement above will no longer be applicable by mid-November (right after the next 10Q) when they will have to increase the A/S to cover ongoing expenses, marketing, interest expense, lawsuit judgments/settlements, and inventory.
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