For the record extreme dilution has been proposed - the attorneys for the company say that it is Far-fetched to believe that equity will survive and therefore an EC is not necessary. are you implying that far-fetched does not equal extreme dilution.
Additionally, what evidence do you have that the current EQ has any dealing the RG? Everyone knows he was a strange bird with no understanding of the law. He presented ridiculous ideas - to be fair he had not legal rep.