Reduced OS could be from:
Reverse split - has not happened yet.
Buy back shares - has not been announced.
However, I think there is one way such a buyback could happen:
A debt holder that has shares *might* be persuaded by the company to sell shares back to the company for cash. I don't know the legality of that, but if it was done, the OS would shrink by however many shares were bought back.
We have not been told what that recent $550K loan was for, but it requires a 10M share reserve, plus, I think, another 2M share reserve. That's 12M reserved.
With OS of 488,849,090, they are *almost* there, without performing the R/S to reach it.
We know there are some friendly debt holders - it seems within reason (to me) that one of them would be willing sell shares back to meet this requirement. We will know if the OS rises again.
At $.04, a million shares costs $40K. 7m would cost $280K. Seems that would be one possibility for that new loan.
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