no. but one can see from a recent filing that the OS is still 1.25M shares. The 1.39M shares appears due to the additional maximum 9.99% common conversion of preferred shares.
1.25M + 125,000 = 1,400,000 shares.
They have not yet converted the preferred shares they just have a contractual limitation that the most they could convert for is just under 10%.
This is a good thing. Sometimes an extremely high conversion rate exists for preferred to common shares or it keys off of the minimum share price via a dollar amount.
It is a good thing to know that conversion of preferred shares to common has only a very slight impact on the share structure, almost unnoticeable.
It would be curious to know from the company:
a) what the ongoing strategy was at working out a deal with their supplier. It sounds like they could no longer uphold their end of buying the quantity of gloves from the supplier that they agreed to when that company split away from GLOV as the primary share holder and GLOV shares were returned. (see filings/posts)
b) whether some kind of future change in business strategy was going to occur. It sounds like their glove business is doing only marginally since they are unable to move significant product.
Still got to love the micro OS/float at this company.
a 43K market cap is a joke.
Before you criticize a man, walk a mile in his shoes. That way, if he gets angry, he's a mile away and barefoot.
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