I don't know how much he is still involved. I just see the 62 cent price and the stong interest by the founder as a sign that this probably never should have dropped as much as it did.
Here's an interesting article from back then. He's a huge name, BTW:
http://www.businesswire.com/news/home/20160318005151/en/Simon-Fuller%E2%80%99s-XIX-Entertainment-Digital-Pop-Star
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