He basically had to file this form to tell the SEC that he owns between 5% and less than 20% of FLSR stock. That is all. It is to indicate passive ownership of a stock. As of right now, the filing is to just show that he has 16% ownership of the stock in the amount of 800,000,000 shares. Total shares would then be 5,000,000,000.
If he somehow accumulates more shares of stock that would increase his overall ownership % to over 20% , then he would have to file a schedule 13D. Please refer to the link I posted to learn more.
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.