As of January 15, 2017, there were 476,392,976 shares of the registrant’s common stock outstanding.
There was 23 mil shares left to max out the OS to 500 mil which is still the current AS. (I just checked)
The 25k note holder (due this month) is free to use those shares, if he has not yet done so.
However he cannot do it while the company is delinquent.
There was a period of time that the company was current after the 10k and before 10q delinquent status.
The debt holder could have converted the remaining 23mil shares at a discount (.0004/.0005)
That could explain the 8 mil dump on Friday at .0008
The 10q should confirm this.
Warren needs to get out of these toxic lenders who have destroyed this stock.
Hope he learnt his lesson going forward.
Bottom line, if the company is generating revenue, it can attract more standard type of financing.
