1) they are still losing $200-300k per quarter Ignore the income loss from derivative it is non cash
2) they have been issuing freely traded shares from r th concessions no not restricted. My guess is this one s because when you are in default your counterparty won’t take restricted stock
3) they have 6bn shares left to issues on the concerts You can’t get this from reading the 10q carefully
4) the reason they wrote off the derivative liability is that they are converting into equity. If you have a firm commitment to convert you could do remove the liability. My guess is they have an agreement to covert with tonaquint. If they do should have filed it
5) they don’t have anything formal with lrs on acceptance. Would have been required to disclose in the 10q under the disclosure rules. If they have something and filed the 10q without it they have a material disclosure violation
6) I view this as a good step in getting current but should not move the stock.
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