what does the S-1 mean? I dont know what the jargon means. "Resale of 63,040,003 Shares of Common Stock"
Is this a dilution?
what is the below: reply as if you were writing a S-1 statement for "dummies" book.
Thanks,
• 61,973,336 shares of common stock issuable (i) upon conversion of the Series E 9% Convertible Preferred Stock sold in our January 15, 2014 offering, (ii) upon exercise of the warrants sold in our January 15, 2014 offering which may be exercised at a price of $0.03 per share, and (iii) in lieu of the cash payment of dividends on the preferred stock sold in our January 15, 2014 offering payable through June 17, 2016,
This Prospectus also relates to:
• an aggregate of 1,066,667 shares of common stock issued to placement agents and consultants.
