If KY is so wonderful as to be fully reporting, why, exactly, did he not file an 8K (material event) when he dumped another 38% dilution into the float paying off a very small amount of the convertible debt? Why did he make you wait until he announced the merger and then let that little detail drift out in the Q two months later?
Answer he did not just do it then waite for it to drift out as you say, he told us it was to happen and why in the prior 10q before the last 8k and the last 10q. Plenty of notice that he was going to have to, and why. Page 13 note 3