Depends on what you consider fully.I say any company even one as big as Pfizer that has preferred shares whatever class when it reports no way is it fully.
My point insiders stay in control of a small company holding preferred shares with little downside risk or alot less then common and can almost do whatever they want at anytime.
IMHO Chain owns more then 50.1% of ILNS in preferred shares and he has never ever sold a single share and thats a fact.See part of a email he sent 2/09/13.
By the way, I have never sold a single share in Intellect.