We know the O/S is 1,849,455,297 as of September 24th from the pre 14C filed on October 20th. That would roughly max out the authorized shares of 1.9b into the O/S including the 56m shares held by Mike and Toby and subtracting the 600m shares retired.
We also know that there has been roughly 750m shares converted since March not including the October share volume report. September was the biggest conversion month of roughly 450m shares. So generously estimating until the October report comes out, lets round it off to roughly 1.3b shares total converted as of Friday since March.
On their last 10-Q, there was $780k in total convertible debt. Given the average share price over the last 8 months and the rate shares have been converted on a monthly basis, we should be just about done with all currently due conversions!
Questions now are...
Who has the other 550m outstanding shares?
Were those shares set aside for the Convertible Promissory Note sold in the principal amount of $500,000 and added into the O/S for reporting purposes on the pre 14C because they anticipated the financing?
Were they already converted making the float somewhere around 1.8b?
Or are they being held making the float somewhere around 1.3b?
One thing for sure, the buying volume from yesterday was nothing short from awesome. Someone definitely knows something and is not holding back on racking up tons of shares for the run!
But we need to get on them to give us a current share count. Tweet them, email them, call them, call the TA. Let's get them to give us the actual current share count!
Also given that they "tweet" I'm guessing they read here as well so, COME ON GUYS! We need to know the most current share structure! Let's get it out there!
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