As a precaution against PPS plunges, among other things, the SEC and federal securities regulations require that a public company maintain a large portion (e.g., no less than 150%) of its proposed increased share count's aggregate $$$ amount without earmarks for already pending convertible notes and other debt payments. Hence - and simplifying the details - taking into account all pending debt that ATTD must pay in the future based on current liabilities, the government requires ATTD to increase its authorized share count to include ALL of that debt, plus at least an additional huge percentage (e.g., 150%) above and beyond those financial obligations.
So, as a rough example, if at the current 10-Day SMA for ATTD's PPS (e.g., $0.0042 per share) it would take two billion of shares sold at that price to pay for all ATTD's outstanding debts - and where 150% of two billion equals three billion - that would mean that in order to qualify for an A/S increase, ATTD would have to increase its A/S by a combined five billion (two billion for debts owed + three billion to maintain the federally-mandated 150% margin above the existing debts) shares above the current one billion A/S.
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