Shapiro stated that he did considerable amount of work for the company without compensation. Can't the BOD say that the PFD was given to him for this reason in addition to others? He basically ran the company whie Manu worked on the Production side of the business. Shapiro negotiated with the Authority, Ran the Company while Manu went on his trips. Delivered presentations. Couldn't all that be considered when the PFD was given to him? Sounds like a pretty good argument to me. IMO
Disclaimer: These are my personal views and not to be construed as a recommendation to buy or sell a security. You should rely on your own dud-diligence when deciding to invest.
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