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JerryCampbell

08/08/20 12:00 PM

#298959 RE: anders2211 #298952

They've issued more securities that authorized (on a fully diluted basis) in the past, so do not think there is any reluctance to do so again.

Remember them selling convertible Preferred stock, except that it was not convertible until shares were freed up?

"The Series B Preferred Stock will be convertible into common stock, but only when common stock is available or after 6 months following issuance."

https://www.sec.gov/Archives/edgar/data/1072379/000114420418002318/tv483373_8k.htm

kabunushi

08/08/20 12:33 PM

#298964 RE: anders2211 #298952

But most of the warrants are now under freeze agreements not to exercise until November (start of November or end of November, not sure on the actual dates). I don't think the total count is an issue until the warrants come out of the freeze. They would have to anticipate that by about a month to announce and carry out a vote to extend the authorized count before that date in November. I think there is plenty of time to get the count increased after TLD and before the warrant freeze ends, as long as they announce TLD by the end of Sept.