Senior secured convertible promissory note of $4,184 is convertible at 8 cents per share and so its interest. Not considering the interest, this gives you c.50mn shares. Add the converts which were given above a dollar, there is your 70mn shares. They are not lazy, they are actually very hardworking and trying to clean up the house, cut costs, sell as a market leader and while doing that they are getting ready for a recap at the right time post TSA deliveries. As simple as that, nothing rocket science...
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