Most of those shares were issued back when Fife was converting debt into equity. Fife acquired his shares at a deep discount to market. 4bn of shares might have covered the conversion of $150-200k in debt. Nice profit if you can make it.
They also issued shares back then to pay salaries to some of their employees.
The good news is there will be no longer be any large issuances for debt conversion.
The next big potential issuance is if LRS exercises their option to acquire shares which has not happened and won't until the price increases to 3x to 5x current market.
News 
Market Data 
Discover 
