Individuals should have just read the two separate PRE/DEF14 filings. First one stating name change, Series E voting, and authorization to "issue" Preferred shares. Clearly stating "no plans" to issue capital stock.
The second then stating they are in "negotiations/plans" and are planning to issue capital.
Pretty obvious the last raise is to comply with issuance of preferred shares et al for merger/clean slate. They have no/minimal unrelated third party debt left in this shell....so no need to raise authorized from 500 Million to 2.5 Billion. Except for a backing to the issuance of Preferred. And so it goes....