Ann: SolidTrustPay Agreement, page-58

Yes that is true but don't forget the other details, those shares belong to the selling vendor. Mr karantsiz the founder of ISX is the beneficial owner. He is also the CEO/MD of ISX. These shares are also in escrow for 24 months. He's a solid backer of this company and has a blocking stake. Only way to dislodge his shares is to takeover ISX.

The free float is only ~23% currently for ISX.

And dont forget the potential disruption of a 2 Trillion dollar payments market globally. 12cents per SCA transaction and $11.2 per Identity Validation transaction. Scale that up as more deals are signed.