If you read Ken Manzo's statement carefully, you'll notice that it only says his problem with the SEC forced him to resign. That's all ! Nowhere does it say his leaving with the company's assets or transferring his shares back to the company, was condoned by the SEC. It only says these things were done due to his resignation. I think it's clear that the SEC banned him from being involved with any public company, so he and his lawyer cooked up a way for him to leave with his beloved patent. They led us to believe that this exit package was "negotiated" with the SEC but clearly, it was not.
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