Convertable debt shares become part of the O/S the minute they are issued to the debtholder. When the holder chooses to sell them on the open market it has nothing to to with an increase in the SS.
There have been no shares come off restrictions recently.
However, when the company is diluting, as the case with this stock for the past three months, the shares hit the O/S daily.
I have read the Q. There are 30 pages of convertable debt issues, and I may have missed something. I doubt it.
If you did talk to the CEO then he is being disingenuous.
Troubling at best. He has a history of screwing investors out of shares while leaving his intact.
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