That is true. But that's a lot of stock hanging over this little deal. That's why they are filing a registration S-1 verses selling through form 4. If he sells his stock 77,500,000 shares a little at a time it would piss everyone off real fast. so its best to bury it in a registration like a offering took place.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.