Excellent Post! I am not worried about them converting any shares anytime soon. They are going to let this run hard first and major developments happen first. They would not give a pink sheet sub-penny stock a million Dollars upfront unless they knew for sure they had some earth-shattering technology.
I don’t think it’s clear that it’s a single investor. Multiple investors can each sell at any one time up to 4.99% of “what”. I believe that’s the percent of all common stock.
Regardless it’s a 1.4 billion share overhang that will be dilutive at some point. I like the story of the technology and adding 1.4 billion to the more than 1 billion already isn’t that dramatic buts c’mon, it’s a typical otc momentum killer; at least for the moment.