I completely agree that 48mil unrestricted shares is not the updated number; the numbers have not been updated in almost a month! The question in my mind is has the OS increased. If it has remained the same then there couldn't be that many more shares remaining and a lot more shares would not be hitting the market.
There is no question that there has been dilution as there is with most stocks, I've seen it here with the 5 digit on the right side of the dot trades. That is what always makes it possible for peeps to get a large amount of shares at this price! The big question is how many shares will be hitting the market, has the OS been raised significantly??