Float supply is being actively manufactured. The dominant mechanism is a $50.0M variable-rate equity line with Ascent priced at 96% of the LOWEST 10-day VWAP plus a post-closing true-up that forces issuance of ADDITIONAL shares if the price falls after settlement — a self-reinforcing dilution loop, and it is already drawn (5,467,310 shares for $4,160,242). Shares outstanding grew 22.5% in the single quarter to 2026-08-14 and 115.7% since 2025-12-31. Series G Preferred (366,941 shares, $3.3M) carries a full-ratchet-style conversion reset on below-price issuances — and ELOC draws at ~$0.35 are 82% below its $2.0265 conversion price, meaning the ratchet mechanics point at a conversion share count many multiples of the nominal 1,203,275. Series C and D were themselves already repriced (D from $12.35 to $2.0265, an 84% cut). Counting against the score: the 9,000,000 remaining warrants are struck at $1.25-$2.25 versus a $0.3592 tape, 3.5x-6.3x out of the money, and 14.9M options carry a $1.04 WAEP — nominally low near-term exercise risk. But this issuer has repriced Ascent's warrants three times in four months (March 1, May 4, June 11), so 'out of the money' has repeatedly proven to be a temporary condition here, and 16.3M warrants were simply cancelled and reissued at lower strikes. Not a 9-10 only because the largest single overhang (14.8M legacy B-series preferred) is held by non-trading venture/insider holders and the warrant strip is currently deep OTM.