It looks like the same owner reported 299 million or so way back in 2016 in January 16. Then they updated the ownership as of the March date of 2016. Most likely all shares are from conversions in 2015/2016. We do know no new shares have been issued as the TA reports no change in share structure since we started checking in early June.
Even if the company did have a pool of shares they bought but not cancelled and handed them off to FIFE, it would not affect outstanding stock, he doesnt appear to be selling them and it would actually be to resolve something so I cannot see how this is negative news.
These past agreements , as RSH has pointed out are why the stock fell from 1.60 or so to .0001. The clean up of which was/is critical to the future here. Before there was no value, but if FIFE is sitting on any stock and sees what we do, he probably already got all his money back over the years so he stands to make a few million bucks if he sees how it shakes out.
Personally I doubt he still holds any stock but do not know for sure.
Everything I post is my own opinion and people should always do their own research and due diligence on any company they are looking at
