Supply-side only. (1) Float has already expanded roughly 24x on a split-adjusted basis in fourteen months — from ~1,067,000 split-equivalent shares at 2025-06-30 to 25,644,338 at 2026-08-14 — with 16,000,000 of that arriving in a single August slug at a zero exercise price. (2) The White Lion equity line still has ~$9.57M of undrawn capacity (expandable to $30M by mutual consent) running to at least 2027-02-20; at $0.2925 that is ~32.7 million shares, or 133% of the current float, issuable at market-linked prices with no floor. (3) Eight ELOC draws were executed between 2025-12-01 and 2026-04-17 at steadily collapsing prices ($11.75 → $1.45 post-split), establishing an active, mechanical drip. (4) A $200,000,000 F-3 shelf was filed 2026-08-14 — approximately 26x the current market cap. (5) The 8,000,000 July 2026 Warrants carry a zero-exercise-price option for two shares each expiring 2027-01-08; to whatever extent they are not already exercised, that is 16,000,000 free shares landing within 90 days. Held below 9-10 because the one true death-spiral instrument — the Streeterville floorless 82.5%-of-lowest-VWAP Pre-Paid Purchase — was terminated 2026-04-30, and the only fixed-strike warrants outstanding (Kingswood, $210.00) are ~718x out of the money with no reset.