VPC is the direct owner of 15,209,379 shares of Common Stock and the direct owner of a Warrant that, after giving effect to anti-dilution adjustments made through June 30, 2015, may be exercised to purchase 18,860,445 shares of Common Stock (the “Warrant Shares”). The 15,209,379 shares of Common Stock and the 18,860,445 Warrant Shares represent direct beneficial ownership of approximately 6.9% of the outstanding shares of Common Stock.
Visser hasn't filed any more 13D's since 10-29-15. He still has to file as long as he owns over 5%, which includes warrants. When he gets to 5m shares of common, he will no longer have to file. He has 10 days to report any buys or sells.