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JustGoDeep

02/15/24 4:28 PM

#326691 RE: GetSeriousOK #326689

Seriously Simple-Answer!! Spreading The Same BS You Do!!
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art2426

02/15/24 5:00 PM

#326696 RE: GetSeriousOK #326689

>>>The O/S has been 24,705,066,971 for a very long time.<<<

Yep, that is because the A/S is 25,000.000,000 and like I have said, is 'just about maxed out'. They will have to add more authorized shares, if they want to satisfy all the note holders that convert to common stock. Most all of the convertible notes have matured already, I think the last one matures in March. But without an increase in authorized shares, they were unable to distribute the common stock at maturity. That and the notes must have all been extended due to lack funds for payoff. Thus they remain on the books as liabilities. Wait for when they apply for those additional shares to satisfy that conversion. I am sure they will have to announce such to the stockholders, as that is very pertinent information that must be disclosed to its investors by a publicly traded company. -------- RED FLAG!