What preferred you speaking on? Last annual showed all preferred were cashed in. I do not see any new preferred given out besides the Class E purchase agreement for like 120,000 shares?
I believe the dilution was from Trillium and Livingston. Last annual showed all convertible debt and preferred converted would be @ 11.8 billion. Those two have some notes in default.
Last updated share structure was 4-29-22 and it was @ 8.9 billion. Had around 1.3 billion since the 29th, I bet 90% new shares. Could be around 10 billion OS now. Something like 8 b left in the tank.