Just fooling around with the block explorer I found this, I don't understand it, can sombody with more experience pls explain to me?

http://zmtpool.com:91/address/BSTUgpbsdRg3Ry32f3ui76wuaDzRQZgyBs

block 0 and 1 each worth 150K coins.

presumably the recipient wallet address --  BSTUgpbsdRg3Ry32f3ui76wuaDzRQZgyBs  -- is the dev's, it received 300K coins (blocks 0 and 1). Then it sent 150K coins to itself (block 212). Next it sent 150K coins to sombody else -- BCPPXF1XkNGtbfgSazvvocQFtEAR3E2Ast (block 1693). At this point, it has 150K residing as its balance.

My concern is this:

Since 1.5% is a pretty big premine (150K coins out of a total 5.38 Mil coins during POW phase), I am suspicious why there are 2 premine blocks (this makes it 300K coins out of only 5.38 Mil coins during POW -- a massive 5.5% instead of the advertised 1.5%)

My confusion is this:

I counted the coins generated.  "getinfo" on my wallet reveals: (only select info provided for reference)

{
"version" : "v1.0.0.0",
"protocolversion" : 60017,
"walletversion" : 60000,
"blocks" : 2608,
"moneysupply" : 784776.00000000,
}

This money supply is 100% correct if consider there is only 1 premine block, not 2.

Can somebody please explain to me how this all works, coz I'm starting to get itchy feeling about this coin -- if there are actualy 2 premine blocks and not just one, then clearly there is dishonesty from the dev? And if the wallet is reporting a 'fake' money supply information, then it only reinforces the dishonesty issue, right?

Hope to hear from crypto vets.. confirm or ease my concerns, 1 way or another I would appreciate it