In my opinion, I believe he sold out a large portion if not all of the COMMON shares, as I previously stated, he held but not the preffered shares he owns. E-Trade is where I found the information at. They sometimes can be slow to update as it remained all the same INFO on IARO for nearly 9 months until this week and it shows the current share structure for IARO management as listed in the recent filing with SEC.. all but Peck, I'm starting to think what trap posted last week is pretty darn accurate so far but check it out and let me know that you read the same thing as I do and let me know your take! GL