But not all at once. Looks like most immediately available were just converted, hence the recent outstanding share increases to 243.6M shares and to currently 355M shares.
The Company also issued to warrants exercisable for 192,708,321 shares of Common Stock (the “Warrants”). The Warrants have an exercise price of $0.4320 per share.
The Company also issued to Acuitas warrants exercisable for 50,999,310 shares of Common Stock (the “Warrants”). The Warrants have an exercise price of $0.7255 per share.