"124,756,158 - 121,246,158 = 3,510,000 (3M of which was the settlement cert re: Gilardi)"
That should say 3M of which was the settlement cert re: Bordynuik. It was Bordynuik who created the need for the issuance of 3,000,000 shares in order to establish a settlement fund to compensate those who suffered losses based on HIS fraud. Sadly he drove this company far enough into the ground that the sales of those 3,000,000 shares barely put a dent in those losses. I suspect that it left those shareholders, with rare exception, so spiritually defeated that they didn't even bother laying claim to the few bucks that they were entitled to.
Gilardi had nothing at all to do with that. The CEO who had and probably still has your unfailing support did that.
The *documenter* stated they contacted the TA (who maintains the ledger of all records of ownership as contracted by the company)....
They "stated" (per the *documenters's* notes):
So if we're being *honest* here... wouldn't the dilution be 10,357,001 shares, of which 3,000,000 were the settlement, leaving a slush fund of 7,357,001 shares to distribute?