Yeah, OK, so as of their last financial disclosure they showed over $1.6M of convertible debt on the books and only added 2.1M shares to the O/S in that quarter for conversions. The discussion on what they're doing is in that report beginning on page 22, who converted, who sued them, etc. There was a lot of convertible debt left.
The neat thing about the PR is they don't tell you how many shares it is, and that's on purpose.
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