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Re: DonJohn post# 27145

Thursday, 03/23/2017 9:03:34 AM

Thursday, March 23, 2017 9:03:34 AM

Post# of 61601
Let's use the correct terminology:
A/S = authorized shares. That is the number of shares that are permitted to be sold, in total.
O/S = Outstanding shares. that is the number of shares that are owned.
Right now, the O/S = the A/S so there are no more shares to sell. Yet, ICLD has convertible debt on the books so they MUST reduce the O/S to provide shares for conversions.