Not sure where you found the O/S numbers? The O/S equals the authorized of 500MM. The Series F preferred have the effect of bring the O/S to 1B shares.
You'll find more information about MRKL if your read the SEC filings for TCNH. Here's a good start. http://www.sec.gov/Archives/edgar/data/1077800/000101968707000749/technest_sb2a1-031407.htm
You also need to investigate the Series E preferred shares. The only asset of value MRKL owns is TCNH stock. MRKL is nothing but a shell. Here's a breakdown of the TCNH shares held by MRKL.
10,582,000 -- MRKL's TCNH shares
4,640,194 -- Escrowed for Series E Conversion
1,739,130 -- Escrowed to secure TCNH loan
500,000 -- Grants to Tarini
500,000 -- Grants to Pereira
3,202,676 -- Remaining Shares