You are ignoring the facts. The common stock is worthless - Salas controls the company through the preferred stock. If he does want to return the company to a major exchange, the common shareholders WON'T COME WITH IT. All Salas has to do is call the preferred stock liquidation preference (which he can do at any time). it is treated like debt, and increases in value by 44% every year forever. The amount the company owes to Salas far exceeds the value of the company. Therefore, to satisfy the debt, it would turn over all the operating assets of the company over to him and go bankrupt, wiping out the common shareholders. Salas would then move the operating assets into a new company and take the new company public.
The preferred stock is designed to eliminate the common shareholders. It should be obvious to anyone who reads the SEC filings. It is all there in black and white, and even discusses this scenario and discloses that the common shareholders will get nothing. That is why the stock is trading for a price close to zero - it is worth zero.