FWIW ... any scenario being possible.
"It is possible he is trying to build a real business"
I was told by at least 2 sources that this is the case.
"dishonest, unethical and deceiptful means"
At least one person who was very close to him and had reasons to be real negative toward Matin, qualified him to be an honest hard worker who didn't listen to professional, experienced advice. This person added that Matin did not understant the Americanculture and even less the implications of managing a publicly owned business.
You may very well be right but another possibility is also that Matin realy digged himself into a financial hole, did hide about his problems (it took him a long time to finally admit publicly that he lost "his underware" (LOL) with his transportation business). Unduly optimistic he kept hoping (dreaming ???) that he could recover rapidly but failed at doing so (Like a kid trying to clean up a mess before getting caught).
Incompetent more than outright dishonest, I suggest he recently have hit the wall and had to either go under or restructure into a real business (audit, report, resolve ownership issues,...).
Thru this process (with the help of few financiers beleiving that this is worth pulling him out of his miseries) he will accept to loose control of the business and will share it with few other large shareholders (better than going BC).
IF Matin is not a crook, I think his dream (building an empire and keeping full control of it) is over and reality finally got to him.
Let's hope this scenario or hypothesis to be THE one, otherwise ???
