we are all free to adjust expectations as events fall into place. The filing clearly is saying that share count may more than quadruple, is just simple reading and analysis.
What folks should see imo is 750 million shares at 3 cents as a possibility is not actually harsh, given convertible caused share count to go up 45,000 roughly. When the convertible started as well traded near $4.00 so down more than 99 percent and then apply 1/350 of that.
$22.5 million in cash if that happens is good money, allowing for time, a blessed thing considering company would have gone bankrupt without the reverse split late last year
News 
Market Data 
Discover 
