Deep Blue Marine (DPBE)

[keda]

I would be more inclined to doubt my opinion had the court issued an officer/director bar, which, as you have noted, commonly occurs. In that case, one might argue that by participating in a debt offering, etc.... he would be acting as an officer, even if not so explictly named. It may be from such arguments that the general precedent arises. But no such bar was made in this case and here I am only making wild speculations.