First thing David should do is review every possibility to retrieve from former CEO anything that was issued or taken illegally... if done so. I have seen other cases where the warning of prosecution has led to giving up ill gotten shares and bonuses if it is obvious they did so without warrant....
if not, then good riddance anyway... such people should be brought down at every level of the stock market imo.......
All I am sure of is that accumulated convertible to shares toxic debt in any volume (and ENIP had a ton of it turned loose recently), on a falling stock price is a death star sentence. Question now is who sold and how much. Did the ex CEO dump all his shares first? Did the CD debt holders short the stock to drive the price down to maximize share conversion dilution? Or both? Who paid for the recent share dump pump?
I hope the new CEO has something more than a share printer and his arm up his sleeve, but not sure what he can do to save the Titanic now.
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