You can’t convert to shares that don’t exist. The next time SHMP has to report that number, it will be AS minus OS. Still not double, agreed, because you can’t convert to shares that don’t exist.
Post# 110526 of 110537 Latest SHMP 10Q filing, page 8, bottom paragraph, 4th or 5th sentence
As of the three months ended September 30, 2023, the Company had 5,000,000 Series A Convertible Preferred Stock which would be converted at the holder’s option into approximately 900,072,000 underlying common shares,