Most investors that have watched this from a distance knew something would happen sooner or later... This, or a split, bankrupt, whatever... I figure it for a co exist between him and the financier (one of them) to scam the others... Although, they may all be the same, just different names through family members.. Never know how deep a scam can go and all the trusting souls that believe it was legit... well... That is easy to do when you live in rural America... Move to brooklyn and deal with the scum and how they make money.. .These are mafia moves and they are smart about stealing money.
Don't think they expected this, or they planned it to get out of the stock business and into the labor business free and clear of shares and debt.