Strickland had controlling interest at one point. It's been a while since I checked on that, though it looks like he may have given that up to Endicott Holdings. From a historical standpoint, there is little that was needed except to file the disclosures (delinquent quarterly and annual reports). This is a new company with a new business model essentially when Murphy took over, so the historical component is minimal, except for the past financial carryover. They didn't really have a business model before Murphy came, though there was a lot of noise.
The last public involvement was "advising" on the quarterly report, and I think it's fair to say that he did a poor job considering how bad the first quarterly report was done. On OTC Markets, he is listed as administrator, and that was just checked as I write this post, so that appears to be current, though that doesn't appear in the disclosures.
So, he appears to be still with the company. While he doesn't seem to have the stock controlling interest anymore, there is still a sense of more involvement than simply typing up a quarterly report. He isn't like that old CEO for that other company who was dead, as he is still alive, to the best of my knowledge. Given that he still is involved, it's a fair question as to what his involvement actually is, and perhaps even what hold he has over Murphy or is he just a "friend".
The actual important thing will be the performance of the company, which we should have a better handle on with the Q3 report (yes, I know we haven't even seen the Q2 report), as that should have 5 buildings on it, if everything goes as planned. The other important thing, perhaps more important to stockholders here will be the performance of the stock. Time will tell on both of those.
