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DONT SQUEAL

03/23/17 8:56 AM

#27146 RE: DonJohn #27145

read again my post... debt paid... R/S not needed.

shotsky

03/23/17 9:03 AM

#27161 RE: DonJohn #27145

Let's use the correct terminology:
A/S = authorized shares. That is the number of shares that are permitted to be sold, in total.
O/S = Outstanding shares. that is the number of shares that are owned.
Right now, the O/S = the A/S so there are no more shares to sell. Yet, ICLD has convertible debt on the books so they MUST reduce the O/S to provide shares for conversions.