I can guaruntee you that the 150 million shares held was purchased on the open market at the time when the company was in the early stages of transitioning from the mortgage title business to the app industry.
Just another FYI Fact. ANDI Outstanding shares increased over a BILLION shares from the tittle company to the app industry. I would suspect there was probably some volume at that time. Yeah perhaps.....
At this time you will also see an increase in the authorized shares that corresponds with the high volume. Your analysis of the large position held by the majority shareholder is flawed.
Do you mean an increase in Outstanding rather than Authorized shares at the time? Because either way really does not show a pro in your argument and both are consistent with Dilution and Preferred B share Conversion. Just an FYI