No, the outstanding shares is increased when the shares are issued for the loan. The Convertible Debt shares are then restricted for usually a 6, 9, or 12 month period. When the notes mature, the company that lended LVGI the money can then sell the shares into the free market. This is what then raises the FLOAT
When contacting the transfer agent to get the current float numbers, they said, "It is our policy to only disclose these figures to authorized officers of the company." AKA the TA is gagged and the Company (LVGI) does not want us to know what the float is. I wonder why?