International Aerospace Enterprises, Inc.(fka IARO)

[gryfus]

290M was the maximum dilution to pay for convertibles with the stock price set at the time of the last 10Q (which was similar to the current stock price). They don't have 290M authorized, yet. You can issue more cd than the a/s because cd are issued considering the stock price at the time of the issuing, and in 2005 the stock price of CLBE was much higher. There are stocks with an as of just 500M shares and cd of billions of shares.