hard to say without a filing, but imo there are only two reasons: 1. payment of convertible debt, 2. shares issued in a deal. the term "deal" is pretty broad: 1. private placement, 2. legal settlement with montecito, etc. 3. shares issued in an acquisition(s) or to an individual(s). it could also be a combination of the list above. i guess we'll find out soon enough.