Thanks, Notabadguy. So you're saying that all 800 million of the former A/S were reserved, though not issued, which is why they had to increase the A/S?
So basically the note holders will sell this down to trip zeroes to make sure the former fraud ceo Goober pays them back. This is what we call death spiral financing.
That's a total BS from the IR guy. CD holders convert at a huge discount to SP. With shrinking SP how the hell they reserve shares and how many they do. Never heard that before. Its total BS.
I guess plan is to slowly dump as much of 5 billion as possible on bag holders. When the stock reaches .0001 and no buyers left, just like other pinky scams do RS and start all over BS again.