Misread? Maybe you miswrote?
"He SAID he sold the stock and made money after the stock was delisted"
Did you mean to say, "After the stock was delisted, he SAID he sold the stock and made money"
Even so, he always held he made money on the stock. I think if you read my email, we agreed, he never bought a share (and just weaving a story), or he was GIVEN shares for work performed, or he lent them money and could buy at 50% or more discount and then flip the shares for an easy profit.
As I wrote, no one could make money with a buy and hold strategy for the last few years and this was a falling knife the whole way down. You would have to be 'in the know' of when the promotion was ON and when it was going to be over to get in and out in time.