Praxsyn Corp (PXYN)

[sensible]

I understand that its 350,000,000 now, but it also says management voted to move it to 1.1 billion and simply failed to get a shareholder vote. They have to raise it to give the preferred holders their shares (series B and D) and they need a vote to change the name. So a vote to increase is as good as done.

That said, who cares? Preferred holders can't convert all at once, it's not in their own interest. I am just calculating EPS on a maximum theoretical number and it is still close to 1:1 even if it goes back to 1.1B and it all gets converted.