Here it is in black and white from SEC filings. This is simple math. It is how ownership% is reported TO THE SEC
Item 5. Interest in Securities of the Issuer.
As of March 10, 2016, the Reporting Person beneficially owned an aggregate of 108,970,063 or 18.6% of Issuer’s common stock.
Outstanding shares at the time of filing was 582 million.
This is how you calculate an individuals ownership% in a company. Any other opinion or talk about issuing future shares to stop a takeover or whatever has nothing to do with the correct definition of ownership%.
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