Do you have any idea how difficult it is to give up control of your intellectual property? Something you spent your whole life creating. Put yourself in his shoes, make the choices you have to at the time and see what you might do.. We do not have all the information.
So almost 4 million shares were just absorbed at .0012 and the bid instantly regenerated with another 4 mil. Someone with deep pockets is buying up all the shares. Same action yesterday.