In a sense you are correct. But, he is the beneficial owner via Pro Star Holdings Trust. And, it appears that the current O/S already includes those 323,835,533 shares he is due upon conversion. This from the last 10KT filing............
(2) Based on 404,794,416 shares of our common stock issued and outstanding.
(3) Includes 323,835,533 shares of common stock issuable upon conversion of one unit of Series A Convertible Preferred Stock held by Prostar Holdings Trust. Nikola Zaric is the beneficial owner of Prostar Holdings Trust.
WE MUST ALL REALIZE THE DIFFERENCE BETWEEN HOPE & EXPECTAION BASED ON GIVEN FACTS.