Not sure, but it is not dilution, share structure updated daily.
But there has been an increase in double prints, trades between bid/ask at 5 digits as well as INTL, CFGN being active on the bid at times.
An increase in activity by institutional MM's on a low volume stock with zero dilution.
I ponder if we are not seeing large standing order loading by larger investors in the know of the company, with the international exposure and net of contacts the company has, perhaps those people are loading shares. But overall the action has been odd to say the least