My thoughts exactly. Why would he even think of court W/O seemingly being in control of the situation. To go back to the unlicensed brokers issuing shares,that alone should be the icing on the cake for us!! No-brainer.
My concern is, in order to protect his interest AND ours as minority shareholders, he may have to throw Tom Jaspers (majority shareholder) under the bus by claiming inept decisions and questioning the legal existence of the conditions of the notes.