...and on top of that, they are only allowed to issue up to 10 million shares for working capital. The rest of the shares...that don't even add up to 2 billion are 190,000,000 to Krusecom, 3,524,000 to Kaufman,the lawyer...10,000,000 for Allowed General Unsecured Claims, 2,250,000 to key Third Parties, and 425,000 to Preferred Share Holders.
Grand Total : 216,199,000 shares
Only about the 425,000 (Preferred Share Holders) + 10,000,000 (Working Capital Shares) totaling 10,425,000 actually matter.
...and the words "up to" precede those numbers so the grand total is the maximum allowed to be issued upon "Q" drop.
After that, it will be the companies choice on what to do with the 2 billion shares authorized...might dilute some...might do nothing...but you won't know anyway since it would seem they can file an exemption from registration under an appropriate regulation.
Plus, the 2,000,000,000 shares is separate from the other numbers, which means they aren't included so making it sound like this thing is going to get crazy diluted is ridiculous since there are restrictions anyway.
There is an intrastate offering exemption, a private offering exemption, Regulation A (Section 3(b)), and Regulation D (Rule 504). Each has its own limitations depending on how the company is categorized.
