It sure feels that way to me. The SEC exists to protect innocent shareholders, so it makes no sense to me that they (the SEC) would facilitate the demise of the company. If Ken Manzo had done something wrong in the past, they would have banned him from being a director or an executive of any public company and made him pay a fine...end of story. There would not have been a negotiation that resulted in Ken Manzo leaving MNZO with an asset that belongs to the shareholders. Furthermore, the SEC lists all such "bannings" and fines on their web site but there is no reference to Ken Manzo what-so-ever. I smell a big rat!
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