RE:RE:RE:PP for 23 million at 1.75$You have to account the options and warrants outstanding that are in the money and can be exercised any time:
Options : 6,750,000 @ $0.72 average exercise
Warrants: 11,315,000 all in the money not including the new one at $2.50
These are the numbers from July filing and we know management exercised few millions options recently.