Krom,
He could also give the shares to like minded persons. If for instance a total of 200,000,000 shares @.25 were produced and sold to various Chinese companies that are really Government controlled. Now SEO and the Chinese would own 508 M of 923M or 55%.
If the company is then sold at $5 SP or $4.6B, the individual Chinese companies would be able to show a great profit in their business dealings. I don't know if this type of shell game would be advantageous somehow to funelling funds to Chinese Companies via Chinese Government, but nothing would surprise me! But then again, I think anyone could step up with $5/share offer and I bet it would be a 98% acceptance!
Cheers
Brez