Let's just say your right whick I don't think you are. When he buys it for cheap he will deal with the sharehoders who lost mone via class action lawsuit. I bought in mainly because of his claims. In public filings, public press releases, public statements, and private mail about how undervalued this is. Which at the time was valued much higher than now. He also needs to furnish the details of the company he just sold us. Its material info.
Disclaimer: My posts are IMO, I am not a Professional analyst Do your own DD before investing/trading . My opinion is subject to change quickly depending on market conditions or other considerations!