It seems Herzog qualifies as "putz" of the year and is a serial and willing victim of other people's financing shenanigans. Its like he's got a red blinking light saying "take advantage of me" - or maybe he's on some list passed around among the world's con men.
While Herzog doesn't sell shares like your typical p/d artist,his pattern of false and misleading announcements over many years can not be dismissed as bad luck -- he is CEO of a public company and bears fiduciary duty to act in commercially reasonable manner and fulfill his responsibilities to others. In this regard, it is my opinion, he has committed and continues to fraud and conspiracy to deceive shareholders.
What I find even most sick are those craven people pushing and cheerleading Herzog to announce more faux deals presumably so they can profit from trading the shares.