Is this MORE dilution?
No wonder why the pps can't move up.
Summary of the Shares offered by the Selling Stockholders
The following is a summary of the shares being offered by the selling stockholders:
Common Stock offered by the selling stockholders
Up to 72,135,892 shares of Common Stock including 49,840,148 shares issuable upon exercise of warrants.
Common Stock outstanding prior to the offering
1,590,808,502 (1)
Common Stock to be outstanding after the offering
1,640,648,650 assuming the full exercise of the warrants the underlying shares of which are included in this prospectus.
Use of proceeds
We will not receive any proceeds from the sale of the Common Stock hereunder.