The stock is below half a cent and barely trading and remember, it's rog who decided rather than pay a few thousand dollars, he'd give up all of his convertible preferred shares.
Not the sharpest tool in the shed ole rog. Not even when he was young rog. ;-)
Yes, Wallace is attempting to steal from all GOSY shareholders, not just Spencer. The judge will make Bette return most of those shares (98%), IMO. You are also correct in that she probably has no clue what her son is doing.
Wallace doesn't believe he's getting those GOSY shares. If he did he wouldn't be bashing the company all the time, but promoting it. So either Wallace doesn't believe he's getting the stock or he isn't rational in his thinking. Oh, I almost forgot, didn't he sue his utility company for billions? How rational is that?! Too funny.