Its from what's above 2200 shareholders @ max of $15000 but for which only 30% of the 2,076,995,855 can be issued (SPP ONLY ALLOWS 30%)
Therefore it is only 622,800,000 max number of shares can be issued at 2.2 cents or $13,701,600.
Theoretically if everyone was to apply they would be scaled back.
I think that's right but leave one of the boffins here to check those calcs and rules.