I always go with where they are incorporated.
It seems to me the existing common that is getting split is the 3 billion as of Aug 21.
That would put it at roughly 38 mil.
The difference here I believe, is, sure, they are diluting and going to dilute more. That is why they increased the AS to 10 Billion. However, what people fail to realize is where their business is. In China's 1.25 Billion, with a large portion of it as Agricultural. That is where UCHC is strategically placed. UCHC can be the next Chinese Bank of America. They are on the front line in a large piece of the Chinese economy, and the world. They are clearly diversified in their portfolio.