... Uhhhhh... So, FC makes up some direct shares that don't exist, tells burnside they're legit shares belonging to some made-up usernames (which FC controls, of course) ...
...
I must be pretty dumb, because I'm not seeing the difficulty.
Yes. Except all dividend payments are public, so any new shares added would be noticed within a week.
Nobody is saying it couldn't be done. I'm saying it's a stupid idea. If friedcat and his team wanted to screw the shareholders, they could do it in many, many ways that are simpler and less likely to be noticed than by issuing new shares.