Let's talk about what the effective number of outstanding shares is.
As previously stated, the OS as of 12/13/21 was 237,297,700.
Oh, but then we have to consider just the Preferred C shares that were issued this year and are convertible into shares of common stock. Well, it can't be that much, right? According to the filed 8-Ks, only another...
100,048,227
That's not even including whatever convertible debt, any of the other Preferred shares, options, warrants, etc.
That brings the grand total up to 337,345,927
So, the company has effectively issued 290,684,510 shares of common stock in the last 16 months.
A mighty feat in of itself.
Investors should really think about this again. For every $1MM they would want to raise through a PPM, they would have to issue 100MM shares of stock.
That is crazy.