20 billion is not authorized and outsanding. doesnt work like that
So let me clarify what the 20 billion shares means. In that stupid-poop worded press release they converted the entire value of SPCL into share units. They converted notes, series A preferred shares, series B preferred shares, loans, warrants, everything into common shares. Which brings the total volume of shares currently to 11 billion. They are diluting 45% to acquire mig. This should not affect PPS since we are diluting 45% but gaining what is likely more than 50% in value. The 5 billion shares issued to Mig will not be raw commons, it will be a convertible note. The employee option will be in a series B format, which can be converted to commons, but after a time period.
Hope this helps
Now you Dwyane me, now you Dwon't
