It looks like about $7.1mil they owe to note holders and default penalties. So at today's price, it would be about 120mil shares if everything converted. However, that's unreasonable and unlikely. Many of the default notes haven't collected yet...and I assume there is a reason why. They don't want to convert and drive the price to zero with revs so close. I think/hope the company puts some of its revs to paying off these notes for shareholders and note holders. Until then, we'll continue to see a slow trickle of conversions. Revs will fix this rapidly...we just need some contract news with big money attached.
News 
Market Data 
Discover 
