Going to try this again and see if the revised for
Post# of 148292
RE: Post 26689
CDiddy,
Thank you for the thoughtful and well constructed response. Truly learned something from our exchange! For sure, the most valuable part of your response followed after, "wrong."
Since you clearly have a better handle on the company's financials and had most definitely reviewed the 10Q before your response to me, please help me out. I could use more of your expertise.
The shares reserved for future use is a bit perplexing. Either I've made a mistake or they need to authorize more shares pretty darn quickly. I've cited the page numbers in case you have trouble finding the figures reported in the 10Q.
Sorry about the formatting. No way to insert a table here. () = subtracted from another total.
As of 2/29/20 ………………………………………..……outstanding / potential & post 2/29 shares
Common Shares Outstanding…………………….……. 471,092,106 / 471,092,106
Series B convertible preferred shares+div p.15 ……….……..92,100 / 28,386,571
Series C convertible preferred shares+div p.15 .………...……..8,203 / incl in 28.3 mil above
Series D convertible preferred shares+div p.15 .………...……..7,570 / incl in 28.3 mil above
Short Term Convertible Notes (not converted yet) p.15 ……....…....0 / 8,108,305
Long Term Convertible Notes (not converted yet) p.19 ……..…fully satisfied
January 2019 Convertible Note ………………………………..…..fully satisfied
January 2019 (Convertible Note) Warrants p.19 ……………..…..fully satisfied
Options & Warrants (Inc Employee Equity Incentives) p.23 ……0 / 169,122,723 (See Subsq Evnts; incl 1,578,883 avail for future Incentives)
Sub-total for currently outstanding and future issuances "column": …..676,709,705
Subsequent Events
Series D convertible preferred shares Issued p.28 ………………..882 / 0
Series D convertible warrants p.28 ……………………………………0 / 275,675
Shares Issued (Employee Stock Option Awards) ……………………0 / (280,000) (originally included above in 169,122,723)
March 31 2020 Offering ………………………………………………...0 / 29,357,527
January 2019 Note - in dispute
TOTAL Current + Reserved For Future + Post 2/29/20………………..706,062,907
Only authorized for 700k OS and the expenses are just ramping up. So I don't think another 350mil shares is that far off base. But I defer to your depth of knowledge on the matter and your omnipotence.
Thanks!