Of course there has been no reverse split. It will happen in 2016 as the CEO has stated.
As to the preferred shares, the CEO most likely owns them. Otherwise, insiders would not have enough common to control the company.
NAME OF BENEFICIAL OWNER
NUMBER OF
SHARES OWNED (1)
PERCENTAGE OF CLASS (2)
David N. Fuselier (1)
103,348,558 22.7%
Henry P. Hoffman
59,630,086 13.1%
Jackson L. Morris
22,972,127 5.0%
All Officers and Directors As a Group (3 persons)
185,950,771 40.8%
I'm not being critical here. Just stating the facts from DD of factual information.
WOULDN'T IT BE FUN IF A LIAR'S PANTS REALLY WOULD CATCH ON FIRE?