That had to be the reason for the apartment, to seek better financing in New York where all the financial companies are. No use for it after Bolduc left so they just let him continue to use it until the lease expired.
The committee must have found ample documentation in correspondence within the company showing Platinum's involvement in the company. That along with the timing of their trades when they knew about non-public material information should make a strong case of illegal insider trading.
It is obvious the outside directors other than Turnelle left when they realized Platinum, McGann and Liscouski now were in control and the cards were stacked against anyone else. What would be the point of staying on in that case.
That letter to shareholders from Turmelle was a cry for help. The other two are in trouble and most likely have been advised not to speak as it would further incriminate themselves. As the layers of this onion get peeled back there will be damning evidence that will ultimately benefit shareholders IMO. Such self serving cowards, they would make some of the men on the Titanic look like heroes.
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