Post-split float is roughly 704,000 shares against a $10.0M Series B Convertible Preferred whose conversion price RESETS to market on registration effectiveness (achieved 2026-06-30) and carries full price-based anti-dilution — at the current $4.26 post-split price that single instrument converts into ~2.35 million shares, roughly 3.3x the entire float, with a second identical $10.0M tranche contracted. The February 2026 Common Warrants (56,338 post-split at $266.25) carry a Black-Scholes cashless exchange feature with a $0.01 pre-split floor, meaning their deliverable share count expands as the price falls rather than going out of the money. Layered on top is a live, registered, shareholder-approved Esousa ELOC with ~$6.6M/month drawdown capacity against a $5.3M market cap, which drew 3,968,116 pre-split shares for only $3.53M in Q1 2026. Realized dilution has been relentless: 4,790,431 shares (2025-02-10) to 126,311,904 pre-split — a 26x increase in seventeen months — including a deterministic 59.3% jump between 2026-04-07 and 2026-05-20 alone. Two reverse splits in under two years (1-for-8 in Oct 2024, 1-for-125 in Jul 2026, cumulative 1,000:1) confirm the reset-and-redilute cycle. Every scoring component is at or near maximum.