FLPC needs to get the 10Q out there with the updated convertible numbers.
I did some quick calculations from the 10Q with the convertible debt and it could be near an end IF they haven't dipped into more.
If we use the average price of .005 (10 days, 5 days average, etc....and I know this is lowest average possible since March 15th numbers) I get another 121 million shares to be converted with the various convertible discounts.
At March 15th the OS was 323 million. So add the 121 million and it comes to about 445 million. We just hit 466 million Friday.
It's obvious they are still selling shares for services but should be alleviated with the $500K financing.
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