There is also the problem of stock issuance costs. The logistic nightmare and the costs associated with issuing 116M new shares to the existing mass of shareholders must be considerable. This would include the fees paid to lawyers, registrars, commissions for debt issuance, etc. Not to forget the fees that must be paid to the appropriate Regulatory Securities Commissions and the stock exchanges for registrations and compliance. The higher the volume of shares issued, the higher the issuance costs would be. So at the end issuing 116M shares @ 1 ct may cost the company more than it would make it worth the effort.