It looks to me like Old Man Wilscam has essentially sold the shell for 300 K while keeping the rights to run a few more pumps and dumps over the next 12 months by issuing some more scamming PRs.
Once Wilscam has sufficiently fleeced the fools who think the over the hill actor will do anything different than he has done over the past 10 years (which is nothing at all), there will likely be a reverse split under the new control person and Wilscam will retire in washed up actor land.