My understanding is that There is 1.5 Billion shares authorized and nearly all of these have been issued. Hovendick (and I do not remember when he got these) has some series B which would of been convertible to 100 million in common shares. However, there is no room to convert them, and so it appears they were not issued properly. So it is my opinion that Hovendick will lose his appeal, but of course we will have to wait.