No that is incorrect. There were 60,000 preferred shares ImpactPPA had convertible into 100 shares each or 6 million shares. That is now 600,000 shares. They did not pay for the stock so all that matters is the amount of shares and price per share. However this thing is lit up like a rocket now and has to come down at some point so who knows what the worth will be when the lockup date is over. But based on the info found we have 10 mil or so in stock based on current price