We are looking at 454,279,436 new shares issued between June 14th and September 30th. From comments on this board we know that the outstanding share count has been static for October and November. These shares were issued in a series of tranches through this period with an average price of roughly $0.00017. Consider the six month holding period and we find that these shares should become eligible soon on a rolling basis through Q1 2024. Now, there is also the other conversions in the pipe line with the offerings right? Exactly the kind of activity that drove the trading to $0.0001 in October.
For the quarterly period ended June 30, 2023 https://www.otcmarkets.com/filing/html?id=16861200&guid=f5J-kKvIC1xEdth As of August 4, 2023, there were 1,134,572,435 shares of the registrant’s common stock, $0.001 par value, issued and outstanding, not including shares reserved for conversion of notes.
August 4, 2023 1,134,572,435 less June 14, 2023 790,292,999 = 51 days and 344,279,436 shares issued
November 1, - 1,244,572,435 less August 4, 2023 1,134,572,435 = 57 days to beginning of October 110,000,000 shares