That's a good question. The latest filing shows an os of just over 1.7b, so the current would be 1.7M + whatever he added with the most recent debt conversion, which could easily be multiples of the 1.7M. The AS is still 3b.
Unless new filing a/s is still 3 billion. To cover all the prefers if they convert I doubt they can lower it. We got hosed by Joe period. He just took our shares and gave to prefers.