Why is it that the shareholders got reversed out of the picture at no benefit to them, but Joe is offering his reference/cohort, Dean Bradley, 120K bonus to leave?
I think something has happened in the process that is preventing Joe from taking a controlling interest in the share count like he anticipated doing after the R/S. As such, his next way to take controlling interest is for Dean's preferreds to be dead which is what the offer to Dean was for.