The company stated they had 3B shares ready for debt conversion when the O/S was 600M and change, so the O/S will continue to be diluted until those shares all hit the market and the O/S is 3.7B or so.
That is not a lie, that is not an omission that is what it is, to disregard is just putting your head in the sand.
News 
Market Data 
Discover 
