I spoke with IR and he said the first time they increased the AS two convertible note holders reserved shares so they would have enough to cover their notes. After the increase several more did it and since the price is so low it maxed out the shares authorized even though they aren't issued. He said they only convert less than 5% of OS at a time.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.