First, 5% or not, it still only tells us "will be", which is not the same has "has been". What is fair to EXTRAPOLATE is, this is the way they do business. Again look at this:
Does that look like the chart of a company "going places"? How could it look like that, if all this was on the up & up? There's no logical answer for that.
The 10 Million Common Shares would only show up if it were more the 5% of the outstanding shares.
WRONG!!!! I suggest some additional DD! Check out the share issuances on Page 4 of the Q1 Financial Report! There is no indication the 10,000,000 shares were ever distributed in Q1!