The premine is located here,
http://tech.blockexplorer.cc/address/TE1FZ8M9tXKPgogs7m4xVF1VzWd4WyomyTSo don't spread fud. Even if he spent it, that would be ok. It is way less then the majority of coin releases lately (Less then .8 BTC). He is saving it for future development the last time we spoke! You should say thanks to him for being such a good dev. BTW it cost 1,000's to develop a coin right!