Replies to post #8681 on Life Clips Inc (fka LCLP)

[Gentlemen Prefer Bonds]

I spoke with IR and he said the first time they increased the AS two convertible note holders reserved shares so they would have enough to cover their notes. After the increase several more did it and since the price is so low it maxed out the shares authorized even though they aren't issued. He said they only convert less than 5% of OS at a time.