If Authorized were to have been raised they would have been done during last 8k on positive preferred shares deal, but they weren't!
This means the preferred shareholders can NOT convert into common as authorized doesnt cover it. This means dilution here as of now is IMPOSSIBLE!
This to me also means these preferred share holders have no intention in convert into common shares any time soon. If they wait for it to run higher then .03 to .05 then they can make a nice profit based on deal...no brainer for them
Add in that based on debt settlement structure the preferred holders dont even hit break even UNTIL stock is at least .01 to .02 per share! Even then they still cant convert cause authorized doesnt let them.
$675,000 in 'toxic' debt has be taken off the books now since March
The hourly chart shows new second wave in run starting now...watch move above 0035 and 004 as we break above those numbers we start running again.
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