I believe what was meant was that before either a Merger/IPO/Anything Else S.S. Related can occur, the audits need to be completed and status brought to Current (i.e. 'value of SDVI/GRAFF must be clearly known'). Then, whichever option is most beneficial to the corporation/shareholders will be chosen (likely merger). Sounds like the correct strategy in this situation.
Beyond that, we have a new CEO who is not bound by prior management gratuitous promises that lack legally binding contract status. Going after Ken you could make a case perhaps re: fiduciary duty/duty of care, but SDVI has Mart as the CEO now. You may have to bark up the Graffiti tree on this one. Proving fraud vs incompetence is difficult (read: expensive).
Anyone notice the archived news on the SDVI website is empty? All those past PRs are no longer supported for a reason, IMO. They are in the dungheap of history now (just the financials remain, afaik).
Cheers,
Saredi
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