The alternative as described in the part of the sentence that you left out is very possible as well:
"the TA has an understated float on its records (more shares are in the market than the 6 million reported to you)"
Who benefits more from a deception? Barton, Berney and Lund by providing an understated float count to a new TA which, if it should be shown to have been manipulated could result in some legal jeopardy for them, or some shareholders who posted the assertion that their holdings exceeded the reported float on a message board?
Maybe a couple shareholders exaggerated, but I don't think any of them have been convicted of securities law violations.
You decide.
“I have had a wonderful time but this wasn't it.”
..........Groucho