Not following you, they would get retired back to the treasury just as the other 550M that were recently retired. Sure, Lovatt may have issued some for financing that really just replaced that 550M, but he has said no plans for additional financing at this time. So, assuming that holds true, the O/S wouldn't increase from where it is now, and would decrease by 550M again later this month, and should stay there, at around 2.5B, with the A/S being reduced to 3B. With an ungagged TA, we can at least verify this and keep him honest.