Unfortunately, I cannot agree with the word railroaded. If this was the first time he did this, yes, I would be in your camp.
But this is now the 2nd time. He is sloppy. If he truly wants to run a public company legit, he needs to delegate power to a CFO that knows what they are doing. He also needs to delegate PR/IR to someone that knows the ropes of a public company and to disseminate public info in a positive timely manner. He is clueless with the public part of the company.