I doubt very much that Chris Carey is making bogus SEC filings. Not just that he's experienced as the former CEO of Datatec, but he knows very well there could be serious implications for being a dumbass.
Chris Carey doesn't present as a dumbass IMO:
"...As a Princeton graduate, Carey began his career at a small, New Jersey-based technology services firm that he discovered was experiencing mounting losses and severe cash-flow problems. After one year of employment, Carey led an MBO of the company—renamed Datatec Systems, Inc.—and became CEO. In 1976, Datatec was a profitable business with nine associates and total revenue of $480,000.
Carey significantly increased the breadth of services offered in response to customer and market demand. What started as a low-voltage cabling firm grew into a highly complex technology deployment company with four large staging and configuration centers and technicians operating throughout the US and Canada.
Carey took extremely innovative approaches to empower Datatec associates to better serve their customers. The company improved customer satisfaction from the low 70% to more than 98% of customers expressing 100% satisfaction.
Carey also developed a series of technology deployment tools that facilitated information sharing with project participants and provided a qualified data repository of installed systems.
By 1996, Carey had grown Datatec into North America’s largest independent systems implementation firm, with $56 million in revenue and 450 employees across the U.S. and Canada. In that year, he took the company public.
In 2000, Datatec had $100 million in revenue, 750 employees, and a total market capitalization of $150 million...."
No, it's correct, the 150,719,250 represents 9.62% of the O/S (not A/S) at time of filing.. But I can assure you the O/S far exceeds 2b now, more like 2.5b+ and climbing rapidly now that he has an additional 4 billion shares to dilute..
Close to a billion shares traded since that filing with NEGATIVE price appreciation, it's safe to say the majority were added to the O/S..
Expect to see a major P&D promo allowing Chris to dump huge!