Just those 4 notes currently maturing (forget about all the notes about to mature, and those that are in default) can convert at 0.0076 per share (50% of the lowest trade in the past 20 sessions).
That equates to 27 million shares, just to cover those 4 notes (Alonzo has dozens of notes).
60 million A/S used up, just from those 4 notes.
Happy Trading, Cowboys! Alonzo has absolute voting control, so the A/S can be increased at his discretion alone.