Of course you'd say it's 90% of the registry as you like to invent things without doing any basic checks...
AF held 9.58% of all shares as at 30/6/21 and held 8.36% of all shares as at 30/6/23 despite his number of shares held increasing (i.e. there was some dilution). Then look at the rest of the T20 and there hasn't been sufficient movement there for 90% of the registry to have purchased at a high price.
You also assume that less than 10% of holders had either purchased shares prior to the 'great pump' or since the SP has come back down to earth...
Then there's the 433,333,333 shares issued at .009 in the most recent CR, so throw those into the mix and just those shares alone + AF means that at least 20% of the registry didn't pay a high price![]()
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