Actually we still don't know much. The company can't issue un-restricted shares, so the increase in outstanding shares may just be restricted stock. If so, there won't be any "dilution" for almost a year.
If the shares are un-restricted, they must have been issued last year. But if they were, they would have already been reported, right?
If there is some other fancy deal going on, it is probably not enough to build an empire since 10,258,000 is only worth $21,500 and is only 1.8% of the total outstanding shares.
Are they paying someone for services? Maybe they paid the auditors in stock.
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