657,238,894 common converted to preferred plus 133,333,333 shares reserved for the maximum number of preferred that can be converted to common from the condo deal. That's 790,572,227 common shares of the 1.75B OS accounted for.
Condo deal if I have it right was 400,000 shares of preferred that can be converted to common but only if the price if greater than $0.03. Each preferred share is $10. So 400,000*$10/.03 = 133,333,333 maximum shares of common.
So far the condo deal is the only deal we know of that allows preferred to be converted to common.
If PBSL still holds all the above shares then we are down to 959,427,773 shares of common 'out there'.
