Bonus question answer: Not if they just made up a debt to themselves first in order to take that equity. Bonus question #2. If they just made up a debt to themselves in order to take that equity, would that not be fraud against the shareholders?
They stated they reduced debt in one instance and in a separate paragraph stated Larrys contributions (since apparently some folks were concerned about larry) and why he got shares
Two line items. Simple as that
No one will give a shit and the statement concerning it is outright false