Yep. At this point, once the RS goes through it will seal his fate. He can still stop it; however, if he lets it go through his intentions are very clear.
Note: He actually had the opportunity to do an RS, although still lying to shareholders based upon the posts here, and dropping the AS proportionately. That move would have at least tried to preserve shareholder equity. Given his actions and other evidence this appears to be a share selling scheme set up for noteholders and Bob to receive recurring revenues while doing nothing real or material for the business and it's shareholders. Seriously and redundantly, how can you owe millions and still have nothing material to show for it? This stock and all it's management, officers and directors associated with it will have some explaining to do to the SEC and others.
IMO
