Here are the numbers straight from the TA's mouth about 2 minutes ago:
O/S = 488,723,097
A/S = 500,000,000
Float = 225,951,707
Is this why he is doing the "merger" now as he is about to run out of shares to sell? 12 million shares is only about enough to cover expenses for one month if that. And from the numbers you posted it sounds like there are less than that available to sell.