They have 3.4 billion authorized, per their filing in Wyoming. They also added preferred shares and changed the par value from $0.001 to 0.0001 for both common and preferred.
Now they don't have enough shares authorized for the conversion of the convertible shares. At current prices, they will need another 3 billion share authorization.
More likely they will reverse split and keep the share auth the same, so they can continue their massive dilution.
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