By Securities Law there has to be enough shares held in Preferred Reserve to cover all Classed of Preferreds. Those shares of Common held in reserve for that purpose go to Outstanding Shares and NOT to FREE TRADING shares thus no dilution.
USE TODAY'S TA REPORT AS AN EXAMPLE and please do you own math.
As of August 8, 2014 Shares Outstanding: 2,443,429,701 Total 154
Shares RESERVED: (52,000,000) Active 30
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Shares available to issue: 1,004,570,299
Free Trading Shares: 2,419,831,277 UP -0-
Cert Outstanding: 2,432,179,701
Book Outstanding: 11,250,000
How hard is that to understand?
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