Looks like some of the debenture conversion may have hit already. Time will tell. 231.2 million https://finance.yahoo.com/quote/FIRE.V/key-statistics/ "The Company had 206,543,299 common shares issued and outstanding as at November 27, 2017." http://s22.q4cdn.com/498896478/files/doc_financials/2018/Q1/CheckCode.do-3.pdf