That is not what I posted.. I only paid $0.015 and between the release I used for DD and the next release they diluted 50%.. I sold on a P&D around $0.02,, but it traded as high at $0.043 that day and closed down on the day @$0.018.. Funny the trading for the day was almost the reported float but on the next report the shares had doubled again.. It appears that even though most loan holders may only own 9.9% they may convert each time they sell as long as they do not exceed 9.9%..
Good luck to you in your investment but since I owned it when it earned $0.12 per share and was told not to worry about dilution when there were but 8.5 million shares outstanding I learned the hard way about dilution.. It destroys shareholder value but has no effect to those that control thru the preferred.. They as here just increase their rate of conversion to suit their own selfishness and control.... hank