For one thing, both the accounts of my parents are closed now. How are you going to pay them? No, you will have to announce a dividend (record date) in advance.
Yes, the latter.
I have no doubt that Solomon has intentions to reward the shareholders. But good intentions doesn't always get you where you want to be. Cancelling his own stock is a good example. It's often a case of being smart. And if they would only be half as efficient on the corporate side (financing) as they are with operations then we should all be rich in a few years no matter how the market treats reverse mergers.