Sand, Series H as per the company:
2,000,000 authorized
326,000 issued
11,000 sold in first quarter
315,000 remain outstanding as per recent filing
1,674,000 remain but are not issued or outstanding and cannot be sold until they are issued.
"Issued" is the key word.
The 11K probably translates into 25million shares or so depending on when they hit the tape.
Not great but the not a complete disaster either, Cheers.