Demand Brands Inc. (DMAN)

[Amac1001]

Per the 10Q, as of May 7, 500M authorized and 291M outstanding, float 172M...as of July 20, 460M authorized, 360M outstanding, float 172M...
Was the new issued shares tied to: a) paying down the small debt (didn’t PR say debt was paid down), b) issuance tied to the old deals like Kush/Night Flight/etc?....

This here is a total guess...could they have issued Preferreds that convert to the same 90 million that Tom owns and then lowered the authorized so that no more shares could be issued?

What’s people’s read on Note 6 of the financials?