Here's a definition of retired shares.
Retired Securities
Securities that have been repurchased by the issuer out of the company's retained earnings and cancelled according to Securities & Exchange Commission (SEC) regulations. They have no market value and no longer represent a share of ownership in the issuing corporation.
Though retired securities have no market value, they often have value to collectors of old stock certificates. Recently, cancelled securities have appeared fraudulently on the international market, leading the SEC to make changes to regulations governing how transfer agents handle cancelled stock certificates.
To that end the shares have been never retired and the O/S
is 2.4B. this is an additional offering because it hasn't been completed as a form '4' (insider) issue, its' a 'REG D' offering in which the company can sell up to $1m of stock over a 12 month period.
If I'm wrong someone please point out the errors of my ways and I'll gladly listen
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