Diluted earnings per share (“EPS”) include additional dilution from common stock equivalents, such as convertible notes, preferred stock, stock issuable pursuant to the exercise of stock options and warrants. As of December 31, 2024, the Company has approximately 12.5 billion shares of common stock equivalents.
Starting with 12.5 bil in common stock for convertible notes, preferred b and c, options and warrants. Subtract 3bil from subsequent events - leaves 9.5 bil.
Of that 9.5bil, warrants account for 1.7 bil - leaving about 8.8bil. Unless the price appreciates considerably, most of these will be forfeited.
On October 24, 2023, the Company exchanged $6,150,000 in related party notes payable and $355,402 in accrued interest into 8,775 shares of Series C preferred stock.
Remaining notes payable of $385k is also from Satori.
Satori owns 8775 preferred C shares and will likely convert to holdco and not common.