RE:RE:RE:RE:RE:PIPE still buying back shares even at these levels I think my understanding was wrong There were actually 70,000 Converible Preferred shares sold at a par value of $1000 each in Sept 2020. So at the end of Sept 2022 the value will be $1136 each which at 0.85 conversion price yields $ 79,520,000 /0.85 = 93, 550,000 extra shares.
Pipestone actually lays out in very fine detail in their year end results, the number of shares they predict will be active going forward based on conversions and buybacks