Let's get real an increase was inevitable it's in the filings the preferred alone would convert into over 700 million. Nate isnt hiding anything it's all out there for everyone to view period in addition we know there's a note conversion coming and cushion is needed.
Not that surprising as all of the numbers are in the 10q and ks.
All preferred shares have been eligible to convert for a long time now. Nothing suggests they would convert now at all-time lows that is just foolish. In order to get to the 1.5 billion outstanding that's assuming everyone and their mother will convert when in fact no one has even converted yet.
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