Non-trading Preferred shares that convert into trading common shares are typically requested(especially by experienced lending institutions) to have reserved the exact number of common share end total by the TA, whoch then gurantee the total amount of shares are available wothout the lender ever crossing 5% threshold because they can draw down the reserve shares incrementally from their conversion rights. When that reserve happens the OS increases the amount of the issued shares. But does not reflect in the held at DTC number, as they are not in registered float. And it is Even more typical of a Lending Institution to gurantee for themselves the availability of the promised shares to them.
This is not a difficult concept. Why the obfuscation?
And still, why avoid the discussion of the ridiculous Market Cap? Or the $23m cash rasie at $10 per share!
$10 per share!
And those people plan to make handsome returns. Undeniable.
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