34,000,000 = 680,000 Shares soon after the MASSIVE RS.
Then, because there will still be no profitable revenue streams, the PPS will drop, leaving shareholders diluted and losing more $$ with the cratering stock price.
The Rotman's of course will be ok as they will issue themselves a golden parachute of shares, common & probably preferred, because, that's how they roll. So, rest easy knowing the Rotmans will be ok and Greg will be able to pay his AMEX a little longer before having to hit up his parents again to pay his bills for him.