Ther shares were part of the R/M agreement.
They are free! The PPS does not matter!
The minimum number of shares that will be free trading is 612 million!
Each holder of shares of Series C Preferred Stock may, at any time and from time to time, convert (an “Optional Conversion”) each of its shares of Series C Preferred Stock into a 100 of fully paid and non-assessable shares of Common Stock; provided, however, that any Optional Conversion must involve the issuance of at least 100 shares of Common Stock.