Idk, that's how I read it. But I read it like 100 times. So, I'm looking for opinions. With what I said in mind, how is anyone else inturpreting those 3 paragraphs. Also, he shares kind of match up.
current issued and outstanding is 4,254,777,485 and the authorized is 5,560,000,000 that leaves room for 1,305,222,515 shares that may hit the market from any conversions. The filings also state= During the 4th Quarter of 2015 the Company issued 775,000,000 shares of its Common Stock in connection with debt retirement and Preferred Stock conversions.
After the 775milli and the series c conversions the shares would all be locked.