Vrng/update: now has 45,000,000 shares outstanding ?
This from their most recent filing.
The number of shares to be outstanding after this offering is based on 48,129,585 shares of common stock outstanding as of August 8, 2012. It does not include:
• 9,781,848 shares of our common stock issuable upon exercise of stock options outstanding as of August 8, 2012 under our equity incentive plan as of that date, at a weighted average exercise price of $3.12 per share;
• 3,226,500 shares of our common stock underlying restricted stock units outstanding as of August 8, 2012 pursuant to our equity incentive plan for employees, directors and consultants;
• 6,877,000 shares of our common stock are available as of August 8, 2012 for future grant or issuance pursuant to our 2012 stock-based plan for employees, directors and consultants;
• 22,695,411 shares of common stock issuable upon the exercise of warrants outstanding as of August 8, 2012 at a weighted-average exercise price of $2.45 per share; and
• 6,035,200 shares of common stock that are issuable upon the conversion of 2,000 shares of Series A Preferred Stock that are issued and outstanding as of August 8, 2012.