Actually he couldn't really. The AS is just about maxed out and they have no cash. So in order to P&D they would need shares to dump.
If they raised the AS the PPS would be .0001 the next day.
They need to get the PPS up a bit before they do a raise in the AS or a RS.
So they have to come up with something that is not just an outright lie and find some way to get the PPS back over a penny or two then the AS or RS change would drop it back but they could play the low float game.
So the problem is coming up with something believable that will get the PPS over a penny. Not much to work with but if they would remove Scott it might be enough. They just wont have anyone to blame fails on once he is gone.
My guess is they will try the JV thing again. They haven't tried that since the CVRG thing in 2009. Need to find a stinky pink that will play along with the JV thing.
I really would love to hear the logic behind the belief that Dan's legal problems where he invested money in SRSR because of his beliefs in the assets is even an issue for the company today?