The % of shares owned by Busshaus, Smith, and Polinsky in that doc appears to be off by two decimal places. So, maybe the whole thing is a mess. That boils things down to two options:
1. Busshaus is incompetent and can't keep basic numbers on things like shares outstanding, float and insider ownership straight even 6 months after initiating this process
or
2. Busshaus and the rest of the board are unabashed thieves who diluted shareholders by almost 30%