KOO - It is just the debenture announcement. It is really just a loan with warrants awarded until they convert. If they don't convert, the loan and interest have to be repaid when due. Since they can exercise the warrants it has to be reported as possible future dilution like any other warrants. No shares bought are reported until they actually buy them by converting. If you look in the news release, you will notice that before and after the PP, their shares owned are the same but the warrants held increased by 300,000. The PP was done as an exempt distribution which in simple terms is just a PP that doesn't require a prospectus.