I don't believe I have EVER seen so much incorrect information in one paragraph! Yes, the OS will be 125,000,000 instead of 500,000,000, but your SHARE PRICE will also be 4 X the then current price.
ICLD's latest loan is through a long time 'friend' investor that is extremely unlikely to convert his loan - it would hurt his own position to do so. ICLD has 2 years to pay the loan and will still receive $900K as part of the last asset sale, almost twice the size of the most recent loan. That loan is suspiciously small, which makes me think it is some sort of a bridge to 'something big' that is still in the works.